Franklin Resources Inc. Sells 91 Shares of Toyota Motor Co. (NYSE:TM)

Franklin Resources Inc. cut its stake in shares of Toyota Motor Co. (NYSE:TM) by 1.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,478 shares of the company’s stock after selling 91 shares during the quarter. Franklin Resources Inc.’s holdings in Toyota Motor were worth $1,134,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Toyota Motor by 34,303.6% in the 3rd quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock worth $74,582,000 after purchasing an additional 416,446 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Toyota Motor in the third quarter valued at approximately $58,660,000. Fisher Asset Management LLC raised its holdings in Toyota Motor by 2.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after buying an additional 160,720 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in Toyota Motor by 1,415.4% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 119,184 shares of the company’s stock worth $24,429,000 after buying an additional 111,319 shares during the period. Finally, World Investment Advisors LLC acquired a new position in Toyota Motor in the 3rd quarter valued at approximately $14,911,000. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Price Performance

Shares of TM opened at $199.52 on Friday. The business has a 50-day moving average of $175.42 and a 200-day moving average of $182.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. The company has a market capitalization of $268.84 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.67. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $255.23.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.39 by ($1.49). Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. The firm had revenue of $76.92 billion for the quarter, compared to the consensus estimate of $79.78 billion. As a group, equities research analysts anticipate that Toyota Motor Co. will post 21.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Toyota Motor from a “hold” rating to a “sell” rating in a report on Friday.

Toyota Motor 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.