Drive Wealth Management LLC Cuts Position in Toyota Motor Corporation $TM

Drive Wealth Management LLC trimmed its position in shares of Toyota Motor Corporation (NYSE:TM) by 7.9% during the second quarter, Holdings Channel reports. The firm owned 1,598 shares of the company’s stock after selling 137 shares during the quarter. Drive Wealth Management LLC’s holdings in Toyota Motor were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TM. DeDora Capital Inc. raised its holdings in shares of Toyota Motor by 6.0% in the 2nd quarter. DeDora Capital Inc. now owns 2,096 shares of the company’s stock valued at $361,000 after buying an additional 118 shares during the period. Mutual Advisors LLC grew its position in Toyota Motor by 48.9% in the 2nd quarter. Mutual Advisors LLC now owns 2,290 shares of the company’s stock valued at $432,000 after acquiring an additional 752 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Toyota Motor during the second quarter worth about $145,000. Moran Wealth Management LLC lifted its position in shares of Toyota Motor by 6.6% during the second quarter. Moran Wealth Management LLC now owns 17,897 shares of the company’s stock worth $3,083,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Toyota Motor by 3.5% in the second quarter. Sequoia Financial Advisors LLC now owns 9,341 shares of the company’s stock valued at $1,609,000 after purchasing an additional 318 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, October 8th. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Sanford C. Bernstein upgraded Toyota Motor from a “market perform” rating to an “outperform” rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Toyota Motor Trading Up 1.2%

NYSE TM opened at $200.27 on Tuesday. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $202.87. The firm has a 50 day moving average of $196.53 and a two-hundred day moving average of $185.72. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $269.85 billion, a PE ratio of 9.66 and a beta of 0.62.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Thursday, August 7th. The company reported $4.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.20). The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $81.73 billion. Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. Toyota Motor has set its FY 2026 guidance at 14.100-14.100 EPS. As a group, research analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

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.