Wedbush Securities Inc. Has $672,000 Stock Holdings in Toyota Motor Co. (NYSE:TM)

Wedbush Securities Inc. reduced its holdings in Toyota Motor Co. (NYSE:TM) by 7.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,280 shares of the company’s stock after selling 269 shares during the period. Wedbush Securities Inc.’s holdings in Toyota Motor were worth $672,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC increased its position in Toyota Motor by 2.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,823 shares of the company’s stock valued at $459,000 after acquiring an additional 47 shares during the period. GAMMA Investing LLC increased its position in Toyota Motor by 3.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,524 shares of the company’s stock valued at $312,000 after acquiring an additional 52 shares during the period. Capital Advisors Wealth Management LLC increased its position in Toyota Motor by 1.9% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 2,899 shares of the company’s stock valued at $594,000 after acquiring an additional 55 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Toyota Motor by 4.5% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,419 shares of the company’s stock valued at $291,000 after acquiring an additional 61 shares during the period. Finally, Seven Mile Advisory increased its position in Toyota Motor by 5.3% in the 4th quarter. Seven Mile Advisory now owns 1,275 shares of the company’s stock valued at $234,000 after acquiring an additional 64 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Trading Up 0.3 %

NYSE:TM opened at $174.74 on Thursday. The firm’s fifty day moving average is $187.72 and its 200-day moving average is $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. Toyota Motor Co. has a 52 week low of $159.04 and a 52 week high of $255.23. The firm has a market cap of $235.45 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.40 and a beta of 0.68.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $6.35 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $72.48 billion. During the same period in the prior year, the firm posted $7.05 EPS. Equities analysts expect that Toyota Motor Co. will post 17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Toyota Motor Company Profile

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.