Toyota Motor Corporation $TM Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in Toyota Motor Corporation (NYSE:TM) by 22,450.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,168 shares of the company’s stock after purchasing an additional 19,083 shares during the period. Federated Hermes Inc.’s holdings in Toyota Motor were worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in shares of Toyota Motor during the third quarter worth $26,000. NewSquare Capital LLC lifted its holdings in Toyota Motor by 65.7% during the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock worth $39,000 after buying an additional 90 shares during the last quarter. Bangor Savings Bank boosted its position in shares of Toyota Motor by 27.8% during 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. Richardson Financial Services Inc. boosted its position in shares of Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after acquiring an additional 164 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Toyota Motor in the 2nd quarter valued at about $53,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Zacks Research downgraded shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Toyota Motor Stock Performance

Shares of TM opened at $231.28 on Wednesday. The company’s 50 day simple moving average is $215.68 and its 200-day simple moving average is $202.94. The firm has a market cap of $311.63 billion, a PE ratio of 10.19 and a beta of 0.62. Toyota Motor Corporation has a 12-month low of $155.00 and a 12-month high of $235.64. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.36 by $1.49. Toyota Motor had a net margin of 9.33% and a return on equity of 12.32%. The firm had revenue of $81.22 billion during the quarter, compared to analysts’ expectations of $79.06 billion. As a group, equities analysts predict that Toyota Motor Corporation will post 19.76 EPS for the current year.

Toyota Motor 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.