Factory Mutual Insurance Co. Makes New Investment in Toyota Motor Corporation $TM

Factory Mutual Insurance Co. purchased a new position in Toyota Motor Corporation (NYSE:TM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,698 shares of the company’s stock, valued at approximately $5,102,000.

Other institutional investors have also modified their holdings of the company. Beverly Hills Private Wealth LLC lifted its holdings in shares of Toyota Motor by 40.7% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 1,833 shares of the company’s stock worth $350,000 after purchasing an additional 530 shares during the last quarter. Fiera Capital Corp acquired a new stake in Toyota Motor in the third quarter worth $261,000. Syon Capital LLC lifted its stake in Toyota Motor by 17.2% in the third quarter. Syon Capital LLC now owns 5,157 shares of the company’s stock valued at $985,000 after buying an additional 757 shares during the last quarter. Advisors Capital Management LLC bought a new stake in Toyota Motor in the third quarter valued at $223,000. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of Toyota Motor by 13.1% during the third quarter. Axxcess Wealth Management LLC now owns 4,298 shares of the company’s stock valued at $821,000 after acquiring an additional 497 shares during the period. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

NYSE TM opened at $241.75 on Friday. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $248.90. The firm has a market capitalization of $325.74 billion, a PE ratio of 12.74 and a beta of 0.62. The company’s 50 day simple moving average is $226.21 and its 200 day simple moving average is $207.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The firm had revenue of $76.37 billion during the quarter, compared to analyst estimates of $82 billion. As a group, equities research analysts forecast that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TM shares. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. BNP Paribas Exane began coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Toyota Motor has a consensus rating of “Hold” and a consensus target price of $290.00.

Toyota Motor Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.