Envestnet Asset Management Inc. Increases Holdings in Toyota Motor Corporation $TM

Envestnet Asset Management Inc. raised its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174,676 shares of the company’s stock after acquiring an additional 25,052 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Toyota Motor were worth $33,379,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its holdings in Toyota Motor by 5.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock valued at $195,000 after purchasing an additional 50 shares in the last quarter. MGO One Seven LLC lifted its position in shares of Toyota Motor by 3.8% during the 3rd quarter. MGO One Seven LLC now owns 1,444 shares of the company’s stock worth $276,000 after buying an additional 53 shares during the last quarter. Lodestone Wealth Management LLC grew its position in shares of Toyota Motor by 2.3% in the 3rd quarter. Lodestone Wealth Management LLC now owns 2,590 shares of the company’s stock valued at $495,000 after buying an additional 57 shares during the last quarter. 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 valued at $51,000 after buying an additional 58 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its stake in Toyota Motor by 2.9% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 2,136 shares of the company’s stock worth $408,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TM. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a research note on Friday, October 31st. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Toyota Motor Stock Up 1.9%

Toyota Motor stock opened at $242.67 on Thursday. The stock has a 50 day moving average of $220.65 and a two-hundred day moving average of $205.26. Toyota Motor Corporation has a twelve month low of $155.00 and a twelve month high of $246.36. The stock has a market capitalization of $326.98 billion, a price-to-earnings ratio of 12.79 and a beta of 0.62. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.63.

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 analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The business had revenue of $76.37 billion for the quarter, compared to analyst estimates of $82 billion. As a group, research analysts expect that Toyota Motor Corporation will post 19.76 earnings per share 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.