Parallel Advisors LLC holds a $414,000 position in Toyota Motor Co. (NYSE:TM)

Parallel Advisors LLC reduced its stake in Toyota Motor Co. (NYSE:TM – Get Rating) stock by 20.7% during the 1st quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,292 shares of the company after selling 600 shares during the period. Parallel Advisors LLC’s holdings in Toyota Motor were worth $414,000 when it last filed with the SEC.

Several other large investors also bought and sold shares of TM. Byrne Asset Management LLC bought a new position in Toyota Motor during Q4 for $26,000. Exane Derivatives bought a new position in Toyota Motor during the 1st quarter for a value of $38,000. Channing Global Advisors LLC bought a new position in Toyota Motor during Q4 worth $44,000. Retirement Planning Co of New England Inc. bought a new position in Toyota Motor during Q4 worth $46,000. Finally, Andrew Hill Investment Advisors Inc. bought a new position in Toyota Motor during Q4 worth $48,000. 1.20% of the shares are currently held by institutional investors.

Toyota Motor trades up 2.3%

TM shares opened at $156.70 on Monday. The company has a 50-day moving average of $159.45 and a 200-day moving average of $174.62. Toyota Motor Co. has a fifty-two week low of $152.14 and a fifty-two week high of $213.74. The company has a market capitalization of $219.06 billion, a P/E ratio of 8.55, a price-to-earnings growth ratio of 1.01 and a beta of 0.51. The company has a debt ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.09.

Toyota Motor (NYSE:TM – Get Rating) last reported quarterly earnings data on Wednesday, May 11. The company reported earnings per share of $3.34 for the quarter, beating the consensus estimate of $2.40 by $0.94. Toyota Motor had a return on equity of 10.96% and a net margin of 9.11%. The company posted revenue of $69.82 billion in the quarter, versus analyst estimates of $68.20 billion. As a group, research analysts expect Toyota Motor Co. to post EPS of 17.3 for the current year.

A Wall Street analyst gives his opinion

Several stock analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Toyota Motor from a “neutral” rating to an “overweight” rating in a Tuesday, May 31 research note. began covering Toyota Motor in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. UBS Group lowered its price target on Toyota Motor from 2,500.00 to 2,300.00 in a Wednesday July 13 research note. Jefferies Financial Group raised its price target on Toyota Motor from $177.49 to $179.41 and gave the stock a “holding” rating in a Thursday, July 7 research note. Finally, Macquarie downgraded Toyota Motor from an “outperforming” rating to a “neutral” rating in a Friday research note. Three equity research analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,239.71.

Toyota Engine Profile

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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 as Prius, fuel cell vehicles as MIRAI; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.

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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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