Toyota Motor Corp (NYSE:TM) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in Toyota Motor Corp (NYSE:TM) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,858 shares of the company’s stock after selling 712 shares during the period. PNC Financial Services Group Inc.’s holdings in Toyota Motor were worth $2,579,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TM. Pennsylvania Trust Co bought a new stake in Toyota Motor during the first quarter valued at about $3,056,000. Two Sigma Investments LP grew its holdings in Toyota Motor by 683.8% during the fourth quarter. Two Sigma Investments LP now owns 55,901 shares of the company’s stock valued at $6,489,000 after purchasing an additional 48,769 shares during the period. LSV Asset Management grew its holdings in Toyota Motor by 25.0% during the first quarter. LSV Asset Management now owns 206,020 shares of the company’s stock valued at $24,314,000 after purchasing an additional 41,240 shares during the period. First Trust Advisors LP grew its holdings in Toyota Motor by 17.8% during the first quarter. First Trust Advisors LP now owns 242,765 shares of the company’s stock valued at $28,651,000 after purchasing an additional 36,730 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Toyota Motor by 3.4% during the first quarter. Parametric Portfolio Associates LLC now owns 929,596 shares of the company’s stock valued at $109,711,000 after purchasing an additional 30,926 shares during the period. 0.73% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Toyota Motor from a “sell” rating to a “hold” rating and set a $154.00 price objective on the stock in a research report on Wednesday. ValuEngine upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Toyota Motor has an average rating of “Buy” and a consensus price target of $154.00.

Shares of Toyota Motor stock opened at $125.68 on Thursday. Toyota Motor Corp has a 52 week low of $111.12 and a 52 week high of $136.55. The stock has a market capitalization of $183.63 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.79 and a beta of 0.70. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.53.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $2.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.91 by ($1.02). Toyota Motor had a net margin of 6.25% and a return on equity of 9.49%. The business had revenue of $70.38 billion during the quarter, compared to analysts’ expectations of $69.88 billion. On average, equities research analysts anticipate that Toyota Motor Corp will post 15.45 EPS for the current fiscal year.

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Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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