AdvisorNet Financial Inc sells 189 shares of Toyota Motor Co. (NYSE:TM)

AdvisorNet Financial Inc reduced its stake in shares of Toyota Motor Co. (NYSE:TM – Get Rating) by 35.6% in Q1, Holdings Channel reports. The company held 342 shares of the company after selling 189 shares during the period. AdvisorNet Financial Inc’s holdings in Toyota Motor were worth $62,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Millennium Management LLC increased its equity stake in Toyota Motor to 907.4% in Q3. Millennium Management LLC now owns 21,155 shares of the company valued at $3,760,000 after acquiring an additional 19,055 shares in the last quarter. Cetera Advisors LLC bought a new stock position in Toyota Motor in Q3 valued at around $208,000. Stratos Wealth Partners LTD. increased its holdings of Toyota Motor shares by 7.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,399 shares of the company valued at $445,000 after acquiring an additional 161 shares in the last quarter. Five Oceans Advisors increased its stake in Toyota Motor shares by 41.7% in Q4. Five Oceans Advisors now owns 1,937 shares of the company valued at $359,000 after acquiring 570 additional shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Toyota Motor shares by 19.6% in the 4th quarter. Ritholtz Wealth Management now owns 8,199 shares of the company valued at $1,519,000 after acquiring 1,342 additional shares in the last quarter. 1.20% of the shares are held by institutional investors and hedge funds.

TM has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Toyota Motor’s shares from a “neutral” rating to an “overweight” rating in a Tuesday, May 31 report. Jefferies Financial Group downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a Thursday, April 7 report. Finally, began covering Toyota Motor stocks in a research report on Thursday, March 31. They issued a “holding” rating on the stock. Two research analysts rated the stock with a hold rating and three gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.00.

Toyota Motor stock opened Friday at $155.47. The company has a debt ratio of 0.56, a current ratio of 1.09 and a quick ratio of 0.91. Toyota Motor Co. has a 1-year low of $152.39 and a 1-year high of $213.74. The company has a market capitalization of $217.34 billion, a P/E ratio of 8.48, a price-to-earnings growth ratio of 1.02 and a beta of 0.49. The company’s 50-day moving average is $162.63 and its 200-day moving average is $176.69.

Toyota Motor Inc (NYSE:TM – Get Rating) last released quarterly earnings data on Wednesday, May 11. The company reported earnings per share of $3.34 for the quarter, beating analyst consensus estimates of $2.40 by $0.94. Toyota Motor had a net margin of 9.11% and a return on equity of 10.96%. The company posted revenue of $69.82 billion for the quarter, versus analyst estimates of $68.20 billion. Research analysts expect Toyota Motor Co. to post earnings per share of 17.47 for the current fiscal year.

Toyota Engine Profile (Get a rating)

Toyota Motor Corporation designs, manufactures, assembles and sells passenger vehicles, minivans and utility vehicles, and related parts and accessories. It operates in automotive, financial services and all other segments. The company offers hybrid cars under the brands Prius, Prius PHV, C-HR, LC HV, ES HV, Camry, JPN TAXI, Avalon HV, Crown HV, Century HV, UX HV, Corolla SD, Corolla Sport, RAV4 HV, WG HV, RAV4 PHV, Highlander HV, Harrier HV, Sienna HV, UX EV, Corolla Cross HV and Yaris HV; fuel cell vehicles under the names MIRAI and SORA; and conventionally powered vehicles, including subcompact and compact cars under the names Corolla, Yaris, Corolla Sport, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, GLANZA, Urban Cruiser and Raize.

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Institutional ownership by quarter for Toyota Motor (NYSE:TM)

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About Frances R. Smith

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