Captrust Financial Advisors Boosts Position in Toyota Motor Corporation $TM

Captrust Financial Advisors boosted its holdings in Toyota Motor Corporation (NYSE:TM) by 1.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 407,239 shares of the company’s stock after purchasing an additional 4,689 shares during the quarter. Captrust Financial Advisors’ holdings in Toyota Motor were worth $77,819,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. lifted its position in shares of Toyota Motor by 10.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,424 shares of the company’s stock worth $654,000 after buying an additional 327 shares during the last quarter. Abel Hall LLC grew its position in shares of Toyota Motor by 11.0% in the 3rd quarter. Abel Hall LLC now owns 1,589 shares of the company’s stock valued at $304,000 after buying an additional 158 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in Toyota Motor during the 3rd quarter worth $49,000. Kestra Private Wealth Services LLC raised its stake in Toyota Motor by 218.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 5,077 shares of the company’s stock worth $970,000 after acquiring an additional 3,481 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. lifted its position in Toyota Motor by 15,023.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 30,095 shares of the company’s stock valued at $5,751,000 after acquiring an additional 29,896 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TM has been the subject of several research analyst reports. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. 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, BNP Paribas Exane assumed coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Performance

Shares of TM opened at $209.05 on Thursday. The stock has a market capitalization of $272.47 billion, a P/E ratio of 11.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. Toyota Motor Corporation has a 1 year low of $155.00 and a 1 year high of $248.90. The company’s fifty day moving average is $230.62 and its two-hundred day moving average is $212.33.

Toyota Motor (NYSE:TM) last released its earnings results on Friday, February 6th. The company reported $6.26 EPS for the quarter, topping the consensus estimate of $4.35 by $1.91. The company had revenue of $76.37 billion during the quarter, compared to analysts’ expectations of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, sell-side analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

Toyota Motor Company 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.