Commonwealth Equity Services LLC raised its stake in shares of Toyota Motor Co. (NYSE:TM – Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,182 shares of the company’s stock after acquiring an additional 781 shares during the period. Commonwealth Equity Services LLC’s holdings in Toyota Motor were worth $3,143,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in TM. Syverson Strege & Co purchased a new stake in Toyota Motor in the first quarter valued at approximately $31,000. Private Trust Co. NA raised its holdings in shares of Toyota Motor by 98.5% in the 1st quarter. Private Trust Co. NA now owns 262 shares of the company’s stock valued at $37,000 after buying an additional 130 shares during the period. CoreCap Advisors LLC acquired a new position in Toyota Motor during the 4th quarter worth about $39,000. ICA Group Wealth Management LLC purchased a new position in Toyota Motor during the 4th quarter valued at about $41,000. Finally, Bogart Wealth LLC increased its stake in Toyota Motor by 68.0% during the first quarter. Bogart Wealth LLC now owns 336 shares of the company’s stock worth $48,000 after purchasing an additional 136 shares during the period. 1.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on TM shares. Morgan Stanley lowered shares of Toyota Motor from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Citigroup raised Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, StockNews.com initiated coverage on Toyota Motor in a report on Thursday, August 17th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Toyota Motor currently has an average rating of “Moderate Buy”.
Toyota Motor Stock Up 0.2 %
Shares of NYSE:TM opened at $172.54 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 0.58. Toyota Motor Co. has a fifty-two week low of $130.07 and a fifty-two week high of $175.37. The stock has a market cap of $233.76 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.50 and a beta of 0.68. The firm’s 50 day moving average price is $164.82 and its 200 day moving average price is $149.57.
Toyota Motor (NYSE:TM – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $7.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $3.13. The business had revenue of $76.85 billion for the quarter, compared to analyst estimates of $69.98 billion. Toyota Motor had a net margin of 7.70% and a return on equity of 10.31%. As a group, equities research analysts predict that Toyota Motor Co. will post 16.9 earnings per share 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. 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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