Bank of New York Mellon Corp Increases Stock Position in Toyota Motor Corporation (NYSE:TM)

Bank of New York Mellon Corp grew its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,998 shares of the company’s stock after buying an additional 5,262 shares during the quarter. Bank of New York Mellon Corp’s holdings in Toyota Motor were worth $9,532,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Toyota Motor by 0.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,409 shares of the company’s stock worth $2,014,000 after purchasing an additional 56 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Toyota Motor by 0.8% in the fourth quarter. Quadrant Capital Group LLC now owns 9,517 shares of the company’s stock valued at $1,852,000 after purchasing an additional 80 shares during the period. Private Trust Co. NA grew its position in shares of Toyota Motor by 143.9% in the first quarter. Private Trust Co. NA now owns 139 shares of the company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Gradient Investments LLC grew its position in shares of Toyota Motor by 3.2% in the first quarter. Gradient Investments LLC now owns 2,748 shares of the company’s stock valued at $485,000 after purchasing an additional 85 shares during the period. Finally, Nilsine Partners LLC grew its position in shares of Toyota Motor by 5.8% in the first quarter. Nilsine Partners LLC now owns 1,597 shares of the company’s stock valued at $282,000 after purchasing an additional 88 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TM has been the subject of several research analyst reports. Sanford C. Bernstein began coverage on shares of Toyota Motor in a report on Monday, April 14th. They issued a “market perform” rating for the company. DZ Bank downgraded shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Toyota Motor presently has an average rating of “Hold”.

Toyota Motor Stock Performance

Shares of TM stock opened at $170.01 on Tuesday. The company has a market cap of $229.07 billion, a price-to-earnings ratio of 7.46 and a beta of 0.61. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $201.33. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $178.78 and a 200-day moving average of $181.88.

Toyota Motor (NYSE:TM) last posted its earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.47. The business had revenue of $81.09 billion during the quarter, compared to analyst estimates of $78.47 billion. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. On average, equities analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share for the current 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.