Gabelli Funds LLC Buys 590 Shares of Toyota Motor Co. (NYSE:TM)

Gabelli Funds LLC lifted its position in Toyota Motor Co. (NYSE:TM) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,250 shares of the company’s stock after buying an additional 590 shares during the quarter. Gabelli Funds LLC’s holdings in Toyota Motor were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. increased its position in Toyota Motor by 5.3% during the second quarter. Epoch Investment Partners Inc. now owns 1,293 shares of the company’s stock worth $265,000 after buying an additional 65 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Toyota Motor during the 2nd quarter worth approximately $344,000. Alaethes Wealth LLC increased its holdings in shares of Toyota Motor by 1.4% during the 2nd quarter. Alaethes Wealth LLC now owns 7,549 shares of the company’s stock worth $1,547,000 after acquiring an additional 104 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Toyota Motor by 36.1% in the 2nd quarter. Summit Trail Advisors LLC now owns 1,654 shares of the company’s stock valued at $339,000 after acquiring an additional 439 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in Toyota Motor by 16.7% during the 2nd quarter. AE Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $205,000 after purchasing an additional 143 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Trading Up 2.8 %

Shares of NYSE:TM opened at $189.36 on Friday. The stock has a market cap of $255.15 billion, a PE ratio of 7.46, a P/E/G ratio of 0.34 and a beta of 0.68. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. Toyota Motor Co. has a 12-month low of $159.04 and a 12-month high of $255.23. The business has a 50 day moving average of $182.59 and a 200-day moving average of $208.51.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $6.35 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $2.34. Toyota Motor had a return on equity of 14.28% and a net margin of 10.70%. The firm had revenue of $75.94 billion for the quarter, compared to analyst estimates of $72.48 billion. During the same period in the prior year, the firm posted $7.05 EPS. As a group, equities research analysts forecast that Toyota Motor Co. will post 20.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Erste Group Bank reiterated a “hold” rating on shares of Toyota Motor in a report on Friday, June 14th.

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.