CIBC Private Wealth Group LLC Reduces Stake in Toyota Motor Co.

CIBC Private Wealth Group LLC has reduced its investment in Toyota Motor Co. (NYSE: TM) by 2.8% during the fourth quarter of the previous year, as stated in the company's latest filing with the Securities and Exchange Commission (SEC). After the sale of 3,482 shares, the firm now holds a total of 119,059 shares in Toyota, valued at approximately $22,925,000.

Additionally, other institutional investors and hedge funds have also adjusted their holdings of Toyota stock. For instance, Raymond James Financial Inc. acquired a new stake worth approximately $26,203,000 during the fourth quarter. Similarly, Fisher Asset Management LLC increased its position in Toyota by 1.9%, holding 6,892,009 shares valued at $1,341,254,000 following the acquisition of 129,560 additional shares last quarter.

World Investment Advisors LLC also purchased a new stake in Toyota during the third quarter for about $14,911,000. Meanwhile, Rockefeller Capital Management L.P. saw a significant increase of 373.5% in their position during the third quarter, now owning 55,599 shares worth $9,939,000 after buying an additional 43,857 shares. Furthermore, Natixis Advisors LLC raised its stake in Toyota by 9.5% during the fourth quarter, totaling 393,002 shares valued at $76,482,000. Overall, hedge funds and other institutional investors together own around 1.48% of Toyota's stock.

Recent Analyst Ratings

Several brokerages have provided updates on Toyota Motor. Macquarie upgraded its rating from "neutral" to "outperform" on February 4th. Conversely, CLSA downgraded its rating from "outperform" to "hold" on February 5th. StockNews.com also changed its rating, moving from a "sell" to a "hold" on January 7th.

Toyota Motor Stock Performance

On Tuesday, shares of Toyota Motor (NYSE: TM) opened at $176.76. The stock has experienced a 52-week low of $159.04 and a high of $248.47. Currently, its market capitalization stands at $238.17 billion, with a price-to-earnings (P/E) ratio of 7.30 and a PEG ratio of 0.35. The company's beta is 0.63, indicating less volatility compared to the market. The fifty-day moving average is $185.76, while the two-hundred-day moving average is $181.00. Financial ratios show a quick ratio of 1.06, a current ratio of 1.21, and a debt-to-equity ratio of 0.64.

Recently, Toyota Motor announced its quarterly earnings on February 5th. The company reported earnings per share (EPS) of $9.98, which surpassed analysts' expectations of $4.36 by a large margin of $5.62. The net profit margin stands at 10.86%, and the return on equity is 14.00%. Analysts project that Toyota will achieve an EPS of 19.76 for the current year.

About Toyota Motor Co.

Toyota Motor Corporation focuses on designing, manufacturing, assembling, and selling various types of vehicles, including passenger cars, minivans, commercial vehicles, and related parts and accessories across multiple regions including Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. The company operates in segments such as Automotive and Financial Services.

Further Insights on Investment Opportunities

Before making any investment decisions, individuals should conduct thorough research. This includes analyzing the performance and recommendations of top-rated analysts regarding various stocks, including Toyota Motor.

CIBC, Toyota, Investment