Farther Finance Advisors LLC Acquires 4,064 Shares of Toyota Motor Corporation $TM

Farther Finance Advisors LLC boosted its holdings in Toyota Motor Corporation (NYSE:TM) by 202.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,070 shares of the company’s stock after acquiring an additional 4,064 shares during the quarter. Farther Finance Advisors LLC’s holdings in Toyota Motor were worth $1,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fisher Asset Management LLC increased its stake in Toyota Motor by 1.2% in the third quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company’s stock valued at $1,320,279,000 after acquiring an additional 81,564 shares during the period. Bank of America Corp DE increased its stake in Toyota Motor by 4.9% in the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after acquiring an additional 67,943 shares during the period. Northern Trust Corp increased its stake in Toyota Motor by 3.6% in the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after acquiring an additional 36,207 shares during the period. Natixis Advisors LLC increased its stake in Toyota Motor by 8.5% in the third quarter. Natixis Advisors LLC now owns 465,639 shares of the company’s stock valued at $88,979,000 after acquiring an additional 36,381 shares during the period. Finally, Captrust Financial Advisors increased its stake in Toyota Motor by 1.2% in the third quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock valued at $77,819,000 after acquiring an additional 4,689 shares during the period. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

Shares of Toyota Motor stock opened at $203.98 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $265.85 billion, a price-to-earnings ratio of 10.75 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 firm’s 50-day moving average price is $221.05 and its two-hundred day moving average price is $214.50.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Saturday, February 7th. The company reported $6.26 earnings per share for the quarter, topping the consensus estimate of $4.35 by $1.91. The firm had revenue of $76.37 billion for 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, equities analysts predict that Toyota Motor Corporation will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.