Bank of New York Mellon Corp Trims Stock Position in Toyota Motor Co. (NYSE:TM)

Bank of New York Mellon Corp cut its stake in shares of Toyota Motor Co. (NYSE:TM) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,736 shares of the company’s stock after selling 11,670 shares during the quarter. Bank of New York Mellon Corp’s holdings in Toyota Motor were worth $9,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TM. Abel Hall LLC raised its holdings in Toyota Motor by 5.6% during the 3rd quarter. Abel Hall LLC now owns 1,274 shares of the company’s stock valued at $227,000 after buying an additional 67 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Toyota Motor by 4.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,662 shares of the company’s stock valued at $324,000 after buying an additional 67 shares during the last quarter. Commerce Bank raised its holdings in Toyota Motor by 2.3% during the 3rd quarter. Commerce Bank now owns 3,214 shares of the company’s stock valued at $574,000 after buying an additional 73 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in Toyota Motor by 3.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,462 shares of the company’s stock valued at $440,000 after buying an additional 78 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Toyota Motor by 3.3% during the 4th quarter. Bleakley Financial Group LLC now owns 2,441 shares of the company’s stock valued at $475,000 after buying an additional 79 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $186.72 on Friday. The firm’s 50 day moving average price is $185.34 and its 200-day moving average price is $180.60. Toyota Motor Co. has a twelve month low of $159.04 and a twelve month high of $255.23. The company has a quick ratio of 1.06, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $251.58 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63.

Toyota Motor (NYSE:TM) last released its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. Equities research analysts expect that Toyota Motor Co. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. CLSA downgraded shares of Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.