Toyota Motor (NYSE: TM )

Shares of Toyota Motor were dealt a blow following a move by the US Bancorp DE to lower its stake in the company by 3.3% in the 4Q. According to a recent 13F filed with the SEC by the institutional investor, its shares holding of Toyota was 52,194 after it sold off 1,778. The filing also revealed that the shares of US Bancorp DE in Toyota Motor are now worth $6,638,000.

TM has also attracted the attention of several other institutional investors who have sold and bought its shares. In the third quarter, Dimensional Fund Advisors LP raised its stake in TM by 12.9% to take its stake in the company to 939,123 shares.

Dimensional’s stake in the automobile maker is now worth $11,915,000 after the company institutional investor went ahead to buy an additional 107,326 shares in the fourth quarter.

Aperio Group LLC stock in TM is now worth $57,152,00 after the group raised its holdings in the company by 7.3% in the third quarter, and a further 30,496 shares in the fourth quarter.

Parametric Portfolio Associates LLC and Sei Investments Co. both increased their holdings in TM by 91,304 and 3,730 shares respectively. Shares of Parametric Portfolio Associates LLC in Toyota Motor are now worth $81,979,000 and those of Sei Investment Co are valued at $24,020,000.

TM Earnings and Outlook

On Friday morning, shares of Toyota Motor Corp in the New York Stock Exchange (NYSE) were trading at $136.20. TM had a 52-week high of $140.98 and a 52-week low of 103.61.

The company’s market capitalization stands at $198,746.75 and has a PE ratio of 11.68, a beta of 0.72 and a 7.2 price-to-earnings growth ratio. Its debt-to-equity ratio is 0.52, a quick ratio of 0.9 and a current ratio of 1.05.

Toyota Motor CEO’s comments

Jim Lentz, the automobile maker’s top executive in North America recently told Reuters that the company sees sales of new vehicles in the United States at 16.8m in 2018. Last year, US new vehicle sales sank 2% to around 17.22m units, after reaching 17.55m units record high in 2016. The sales are widely expected to worsen this year.

While speaking talking to Reuters during the announcement of a $1.6b joint plant between Toyota Motor Corp and Mazda Motor Corp, Lentz had this to say: “We are of the view that the situation is going to keep on dropping a little, possibly around 16.8 million units for the industry.” -BusinessInsider