International Assets Investment Management LLC Sells 415,597 Shares of Toyota Motor Co. (NYSE:TM)

International Assets Investment Management LLC reduced its stake in shares of Toyota Motor Co. (NYSE:TM) by 99.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,063 shares of the company’s stock after selling 415,597 shares during the period. International Assets Investment Management LLC’s holdings in Toyota Motor were worth $398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norway Savings Bank bought a new position in Toyota Motor during the fourth quarter valued at approximately $240,000. Modus Advisors LLC bought a new position in shares of Toyota Motor during the 4th quarter valued at $31,000. GAMMA Investing LLC raised its position in Toyota Motor by 44.6% in the 4th quarter. GAMMA Investing LLC now owns 2,141 shares of the company’s stock worth $417,000 after purchasing an additional 660 shares during the period. Versant Capital Management Inc bought a new stake in Toyota Motor in the fourth quarter worth $65,000. Finally, Inspire Trust Co. N.A. boosted its position in Toyota Motor by 38.3% during the third quarter. Inspire Trust Co. N.A. now owns 19,503 shares of the company’s stock valued at $3,483,000 after buying an additional 5,400 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

NYSE:TM opened at $183.78 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23. Toyota Motor Co. has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The firm has a market cap of $247.63 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.31 and a beta of 0.63. The business has a 50 day moving average price of $179.40 and a 200-day moving average price of $182.58.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.

Toyota Motor Company 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.