Zions Bancorporation N.A. Trims Position in Toyota Motor Co. (NYSE:TM)

Zions Bancorporation N.A. lowered its position in Toyota Motor Co. (NYSE:TM) by 39.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 306 shares of the company’s stock after selling 200 shares during the quarter. Zions Bancorporation N.A.’s holdings in Toyota Motor were worth $63,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TM. Pathway Financial Advisers LLC purchased a new stake in shares of Toyota Motor in the 1st quarter valued at approximately $30,000. POM Investment Strategies LLC lifted its holdings in Toyota Motor by 292.1% in the second 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. grew its position in Toyota Motor by 113.9% in the second quarter. Mather Group LLC. now owns 169 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares during the period. Richardson Financial Services Inc. acquired a new stake in Toyota Motor during the fourth quarter worth $37,000. Finally, Field & Main Bank increased its stake 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 acquiring an additional 135 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Toyota Motor Price Performance

Shares of TM opened at $175.39 on Monday. The firm has a 50-day simple moving average of $186.49 and a two-hundred day simple moving average of $211.91. 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 Co. has a 1-year low of $159.04 and a 1-year high of $255.23. The stock has a market cap of $236.32 billion, a PE ratio of 6.91, a P/E/G ratio of 0.37 and a beta of 0.68.

Toyota Motor (NYSE:TM) last posted its earnings results on Thursday, August 1st. The company reported $6.35 earnings per share for the quarter, beating the consensus estimate of $4.01 by $2.34. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. The firm had revenue of $75.94 billion during the quarter, compared to the consensus estimate of $72.48 billion. During the same quarter last year, the firm earned $7.05 EPS. As a group, analysts forecast that Toyota Motor Co. will post 18.13 EPS 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.