Toyota Motor Co. (NYSE:TM) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its holdings in Toyota Motor Co. (NYSE:TM) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,320 shares of the company’s stock after selling 65 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Toyota Motor were worth $242,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Highline Wealth Partners LLC acquired a new stake in shares of Toyota Motor during the third quarter worth $27,000. Pathway Financial Advisers LLC acquired a new stake in Toyota Motor during the 1st quarter worth about $30,000. Jamison Private Wealth Management Inc. lifted its stake in Toyota Motor by 300.0% during the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in shares of Toyota Motor by 292.1% in the second quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock worth $31,000 after buying an additional 111 shares during the period. Finally, Grove Bank & Trust purchased a new position in shares of Toyota Motor in the third quarter worth approximately $32,000. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Down 0.1 %

Shares of NYSE:TM opened at $172.83 on Monday. The firm has a 50 day simple moving average of $178.03 and a 200 day simple moving average of $195.29. 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 quick ratio of 1.02 and a current ratio of 1.18. The company has a market cap of $232.87 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.30 and a beta of 0.68.

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 company had revenue of $75.94 billion during the quarter, compared to analyst estimates of $72.48 billion. During the same quarter in the prior year, the company earned $7.05 earnings per share. As a group, research analysts expect that Toyota Motor Co. will post 21.7 earnings per share for the current year.

About Toyota Motor

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.