Truist Financial Corp Grows Stake in Toyota Motor Co. (NYSE:TM)

Truist Financial Corp grew its holdings in shares of Toyota Motor Co. (NYSE:TMGet Rating) by 12.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,967 shares of the company’s stock after buying an additional 1,308 shares during the period. Truist Financial Corp’s holdings in Toyota Motor were worth $1,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Management Professionals Inc. increased its position in Toyota Motor by 170.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 243 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. ACG Wealth bought a new position in Toyota Motor in the second quarter worth about $39,000. CoreCap Advisors LLC purchased a new stake in Toyota Motor in the second quarter worth about $44,000. Adirondack Trust Co. boosted its position in Toyota Motor by 80.0% during the 3rd quarter. Adirondack Trust Co. now owns 315 shares of the company’s stock valued at $41,000 after acquiring an additional 140 shares in the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of Toyota Motor by 62.5% during the 2nd quarter. Montag A & Associates Inc. now owns 325 shares of the company’s stock worth $50,000 after acquiring an additional 125 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group lowered Toyota Motor from a “buy” rating to a “neutral” rating in a research report on Thursday, October 6th. Citigroup lowered shares of Toyota Motor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. StockNews.com began coverage on shares of Toyota Motor in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of Toyota Motor from a “b” rating to a “c” rating in a report on Tuesday, November 1st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1,239.71.

Toyota Motor Stock Up 3.2 %

NYSE:TM opened at $144.77 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 1.06. The firm has a market cap of $202.39 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.38 and a beta of 0.60. Toyota Motor Co. has a fifty-two week low of $130.07 and a fifty-two week high of $209.49. The firm has a 50-day simple moving average of $141.32 and a two-hundred day simple moving average of $145.00.

Toyota Motor (NYSE:TMGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $2.30 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($0.78). The firm had revenue of $66.77 billion for the quarter, compared to the consensus estimate of $63.08 billion. Toyota Motor had a net margin of 7.54% and a return on equity of 9.11%. Analysts predict that Toyota Motor Co. will post 14.16 earnings per share for the current fiscal year.

Toyota Motor Profile

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Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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