Toyota Motor Co. (NYSE:TM) Stock Holdings Reduced by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of Toyota Motor Co. (NYSE:TM) by 6.5% in the second quarter, Holdings Channel reports. The firm owned 10,453 shares of the company’s stock after selling 725 shares during the period. Pacer Advisors Inc.’s holdings in Toyota Motor were worth $2,143,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TM. Pathway Financial Advisers LLC acquired a new position in Toyota Motor during the first quarter worth $30,000. POM Investment Strategies LLC increased its holdings in shares of Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Mather Group LLC. raised its stake in shares of Toyota Motor by 113.9% in the 2nd quarter. Mather Group LLC. now owns 169 shares of the company’s stock valued at $35,000 after acquiring an additional 90 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in Toyota Motor in the 4th quarter worth approximately $37,000. Finally, Field & Main Bank boosted its position in Toyota Motor by 300.0% during the second quarter. Field & Main Bank now owns 180 shares of the company’s stock worth $37,000 after purchasing an additional 135 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Erste Group Bank reissued a “hold” rating on shares of Toyota Motor in a research report on Friday, June 14th.

Toyota Motor Stock Up 0.4 %

TM stock opened at $184.28 on Thursday. The stock has a market capitalization of $248.30 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.34 and a beta of 0.68. The company has a 50-day moving average of $182.99 and a two-hundred day moving average of $208.68. Toyota Motor Co. has a 52-week low of $159.04 and a 52-week high of $255.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.02.

Toyota Motor (NYSE:TM) last released its earnings results on Thursday, August 1st. The company reported $6.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $2.34. Toyota Motor had a return on equity of 14.28% and a net margin of 10.70%. The firm had revenue of $75.94 billion for the quarter, compared to analyst estimates of $72.48 billion. During the same quarter last year, the firm posted $7.05 EPS. As a group, equities research analysts anticipate that Toyota Motor Co. will post 20.82 EPS for the current year.

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.