PFG Investments LLC Trims Stock Position in Toyota Motor Co. (NYSE:TM)

PFG Investments LLC trimmed its holdings in Toyota Motor Co. (NYSE:TM) by 21.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,425 shares of the company’s stock after selling 681 shares during the period. PFG Investments LLC’s holdings in Toyota Motor were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its position in shares of Toyota Motor by 4.5% in the second quarter. Ashton Thomas Private Wealth LLC now owns 1,419 shares of the company’s stock worth $291,000 after acquiring an additional 61 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Toyota Motor by 9.2% in the 2nd quarter. Ballentine Partners LLC now owns 8,546 shares of the company’s stock valued at $1,752,000 after purchasing an additional 719 shares during the last quarter. Caprock Group LLC grew its stake in shares of Toyota Motor by 65.5% during the 2nd quarter. Caprock Group LLC now owns 6,874 shares of the company’s stock valued at $1,409,000 after buying an additional 2,721 shares during the period. Gallacher Capital Management LLC increased its holdings in shares of Toyota Motor by 6.8% during the 2nd quarter. Gallacher Capital Management LLC now owns 2,062 shares of the company’s stock worth $423,000 after buying an additional 132 shares during the last quarter. Finally, Asset Dedication LLC raised its position in shares of Toyota Motor by 118.0% in the 2nd quarter. Asset Dedication LLC now owns 218 shares of the company’s stock worth $45,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank reissued a “hold” rating on shares of Toyota Motor in a research report on Friday, June 14th.

Toyota Motor Stock Up 0.3 %

TM opened at $174.74 on Thursday. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $255.23. The firm has a 50 day moving average price of $187.72 and a 200 day moving average price of $212.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.18. The company has a market cap of $235.45 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.40 and a beta of 0.68.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Thursday, August 1st. The company reported $6.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $2.34. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. The company had revenue of $75.94 billion during the quarter, compared to the consensus estimate of $72.48 billion. During the same period in the previous year, the firm earned $7.05 earnings per share. Sell-side analysts expect that Toyota Motor Co. will post 17 earnings per share for the current year.

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.