Trade Report: Today: Fisher Asset Management LLC sells partial stakes of Toyota Motor Corp. (TM)

Today: Fisher Asset Management LLC sells partial stakes of Toyota Motor Corp. (TM)

Fisher Asset Management LLC reduced its position in Toyota Motor Corp. (NYSE:TM) by 10.0% during the third quarter, Holdings Channel reports. The firm owned 54,683 shares of the company’s stock after selling 6,090 shares during the period. Fisher Asset Management LLC’s holdings in Toyota Motor Corp. were worth $6,347,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in TM. Hsbc Holdings PLC acquired a new position in Toyota Motor Corp. during the second quarter worth $101,000. CENTRAL TRUST Co raised its position in Toyota Motor Corp. by 46.5% in the second quarter. CENTRAL TRUST Co now owns 1,040 shares of the company’s stock worth $103,000 after buying an additional 330 shares during the period. Winslow Evans & Crocker Inc. raised its position in Toyota Motor Corp. by 95.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,114 shares of the company’s stock worth $111,000 after buying an additional 544 shares during the period. Alpha Omega Wealth Management LLC raised its position in Toyota Motor Corp. by 34.8% in the second quarter. Alpha Omega Wealth Management LLC now owns 1,550 shares of the company’s stock worth $155,000 after buying an additional 400 shares during the period. Finally, Seven Eight Capital LLC raised its position in Toyota Motor Corp. by 33.3% in the first quarter. Seven Eight Capital LLC now owns 1,600 shares of the company’s stock worth $170,000 after buying an additional 400 shares during the period. 0.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Toyota Motor Corp. (NYSE:TM) traded down 0.13% during midday trading on Monday, reaching $117.65. The company’s stock had a trading volume of 174,713 shares. Toyota Motor Corp. has a one year low of $97.80 and a one year high of $127.28. The stock’s 50 day moving average price is $114.24 and its 200 day moving average price is $111.32. The firm has a market cap of $176.67 billion, a price-to-earnings ratio of 10.12 and a beta of 0.82.

A number of research firms have recently weighed in on TM. Zacks Investment Research lowered Toyota Motor Corp. from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup Inc. lowered Toyota Motor Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, August 25th. Finally, Goldman Sachs Group Inc. lowered Toyota Motor Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $99.05.

About Toyota Motor Corp.

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

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