Short-term stake in Toyota Motor Co. (NYSE:TM) rises 83.5%

Toyota Motor Co. (NYSE:TM) saw a significant increase in short-term interest during the month of January. As of January 15, there was short interest totaling 1,110,000 shares, an increase of 83.5% from the total of 604,900 shares as of December 31. Based on an average daily volume of 287,500 shares, the short interest ratio is currently 3.9 days. Approximately 0.1% of the company’s shares are sold short.

A number of hedge funds have recently changed their positions in TM. Fisher Asset Management LLC increased its position in Toyota Motor shares by 3.6% during the third quarter. Fisher Asset Management LLC now owns 4,799,418 shares of the company worth $853,097,000 after purchasing an additional 165,451 shares during the period. Parametric Portfolio Associates LLC increased its position in Toyota Motor shares by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 1,031,893 shares of the company worth $180,416,000 after purchasing an additional 25,357 shares during the period. Bank of America Corp DE increased its position in Toyota Motor shares by 9.8% during the second quarter. Bank of America Corp DE now owns 966,189 shares of the company worth $168,928,000 after purchasing an additional 86,208 shares during the period. BlackRock Inc. increased its position in Toyota Motor shares by 9.4% during the second quarter. BlackRock Inc. now owns 791,957 shares of the company worth $138,466,000 after purchasing an additional 67,742 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Toyota Motor shares by 2.7% during the third quarter. Goldman Sachs Group Inc. now owns 740,382 shares of the company worth $131,603,000 after purchasing an additional 19,659 shares during the period. Hedge funds and other institutional investors own 1.20% of the company’s shares.

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Several equity research analysts have recently weighed in on TM shares. Morgan Stanley began covering Toyota Motor in a research report on Tuesday, October 12. They issued an “overweight” rating for the company. UBS Group downgraded Toyota Motor from a “neutral” rating to a “buy” rating and set a price target of $178.00 for the company in a Tuesday, November 30 research report.

Shares of NYSE TM traded at $3.17 during Friday’s midday session, hitting $193.13. 274,346 shares of the company were traded, against an average volume of 444,103. The company has a market capitalization of $269.99 billion, a PE ratio of 9.28, a PEG ratio of 0.48 and a beta of 0.50. The stock’s 50-day simple moving average is $189.92 and its 200-day simple moving average is $182.38. Toyota Motor has a 12 month low of $139.29 and a 12 month high of $213.74. The company has a debt ratio of 0.54, a quick ratio of 0.92 and a current ratio of 1.07.

Toyota Motor Inc (NYSE:TM) last announced its results on Thursday, November 4. The company reported earnings per share of $4.09 for the quarter, beating the Zacks consensus estimate of $2.60 by $1.49. Toyota Motor had a return on equity of 12.93% and a net margin of 10.03%. The company posted revenue of $68.55 billion in the quarter, versus analyst estimates of $62.07 billion. On average, equity research analysts expect Toyota Motor to post EPS of 18.92 for the current year.

The company also recently disclosed a semi-annual dividend, which was paid on Monday, December 6. Investors of record on Thursday, September 30 received a dividend of $1.863. The ex-dividend date was Wednesday, September 29. Toyota Motor’s payout ratio is 17.92%.

Toyota Motor Company Profile

Toyota Motor Corp. is engaged in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive, Financial Services and All Others. The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks and related vehicle parts and accessories.

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