Toyota Motor Corporation $TM Position Lifted by Assetmark Inc.

Assetmark Inc. grew its stake in shares of Toyota Motor Corporation (NYSE:TM) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,193 shares of the company’s stock after acquiring an additional 2,512 shares during the period. Assetmark Inc.’s holdings in Toyota Motor were worth $3,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TM. Root Financial Partners LLC bought a new position in shares of Toyota Motor during the third quarter worth about $26,000. Highline Wealth Partners LLC lifted its holdings in Toyota Motor by 92.4% during the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after buying an additional 73 shares during the last quarter. Palisade Asset Management LLC acquired a new position in shares of Toyota Motor in the 3rd quarter worth approximately $49,000. Bangor Savings Bank grew its position in shares of Toyota Motor by 27.8% in the 3rd quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after acquiring an additional 58 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its holdings in shares of Toyota Motor by 134.4% in the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock valued at $55,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

Shares of NYSE TM opened at $217.49 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The firm has a market capitalization of $283.46 billion, a PE ratio of 11.46 and a beta of 0.66. Toyota Motor Corporation has a 1-year low of $167.18 and a 1-year high of $248.90. The business’s fifty day moving average price is $222.29 and its two-hundred day moving average price is $214.26.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Saturday, February 7th. The company reported $6.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $1.91. The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, research analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BNP Paribas Exane began coverage on Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective on the stock. Zacks Research upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $290.00.

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.