Assetmark Inc. Grows Stake in Toyota Motor Corporation $TM

Assetmark Inc. raised its position in shares of Toyota Motor Corporation (NYSE:TM) by 34.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,380 shares of the company’s stock after purchasing an additional 5,187 shares during the quarter. Assetmark Inc.’s holdings in Toyota Motor were worth $4,200,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TM. Highline Wealth Partners LLC raised its stake in shares of Toyota Motor by 92.4% in the fourth 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 period. International Assets Investment Management LLC purchased a new position in shares of Toyota Motor during the first quarter valued at about $33,000. Cornerstone Planning Group LLC raised its holdings in shares of Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Larson Financial Group LLC raised its stake in Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after purchasing an additional 142 shares in the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of Toyota Motor by 10,000.0% in the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Toyota Motor Stock Performance

Shares of TM stock opened at $180.12 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90. The business has a 50-day simple moving average of $178.84 and a 200-day simple moving average of $204.49. The stock has a market cap of $234.75 billion, a PE ratio of 9.20 and a beta of 0.58.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The business had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, equities analysts expect that Toyota Motor Corporation will post 20.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TM. Morgan Stanley initiated coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating for the company. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Friday, July 17th. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Zacks Research downgraded shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.