Toyota Motor Co. (NYSE:TM) Short Interest Update

Toyota Motor Co. (NYSE:TM) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 921,800 shares, a drop of 24.4% from the February 13th total of 1,220,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 391,300 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

TM has been the subject of several recent research reports. CLSA lowered Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Finally, StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Toyota Motor

Several large investors have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company’s stock worth $187,099,000 after buying an additional 384,149 shares in the last quarter. Captrust Financial Advisors increased its holdings in Toyota Motor by 166.3% in the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company’s stock worth $72,952,000 after buying an additional 234,078 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Toyota Motor by 2.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after buying an additional 160,720 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Toyota Motor in the 4th quarter worth about $26,203,000. Finally, World Investment Advisors LLC bought a new stake in Toyota Motor in the 3rd quarter worth about $14,911,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Up 1.0 %

Shares of TM traded up $1.86 during trading hours on Tuesday, hitting $190.27. The company had a trading volume of 274,601 shares, compared to its average volume of 342,704. The firm has a fifty day moving average price of $185.25 and a 200-day moving average price of $180.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. The stock has a market capitalization of $256.37 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.35 and a beta of 0.63. Toyota Motor has a 52-week low of $159.04 and a 52-week high of $255.23.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities research analysts forecast that Toyota Motor will post 19.76 EPS for the current fiscal 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.