Dakota Wealth Management Boosts Holdings in Toyota Motor Corporation $TM

Dakota Wealth Management lifted its holdings in Toyota Motor Corporation (NYSE:TM) by 440.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,020 shares of the company’s stock after acquiring an additional 7,351 shares during the quarter. Dakota Wealth Management’s holdings in Toyota Motor were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TM. Root Financial Partners LLC bought a new stake in Toyota Motor in the third quarter worth $26,000. Palisade Asset Management LLC purchased a new stake in Toyota Motor during the third quarter valued at about $49,000. Bangor Savings Bank grew its stake in shares of Toyota Motor by 27.8% during the third quarter. Bangor Savings Bank now owns 267 shares of the company’s stock valued at $51,000 after buying an additional 58 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Toyota Motor by 134.4% in the third quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after buying an additional 164 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Toyota Motor in the second quarter worth about $53,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TM shares. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. BNP Paribas Exane started coverage on Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target on the stock. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Toyota Motor has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Price Performance

Shares of TM opened at $206.83 on Friday. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $248.90. The firm’s 50-day simple moving average is $228.25 and its two-hundred day simple moving average is $212.89. The stock has a market cap of $269.57 billion, a PE ratio of 10.90 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 (NYSE:TM) last released its earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $1.91. The firm had revenue of $76.37 billion during the quarter, compared to analyst estimates of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. Analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

About Toyota Motor

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.