Brucke Financial Inc. Takes Position in Toyota Motor Corporation $TM

Brucke Financial Inc. acquired a new stake in Toyota Motor Corporation (NYSE:TM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,136 shares of the company’s stock, valued at approximately $436,000.

Several other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in Toyota Motor by 1.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,827,634 shares of the company’s stock valued at $1,176,128,000 after acquiring an additional 112,905 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Toyota Motor by 2.9% in the second quarter. Captrust Financial Advisors now owns 402,550 shares of the company’s stock valued at $69,343,000 after purchasing an additional 11,397 shares during the period. American Century Companies Inc. grew its holdings in shares of Toyota Motor by 10.0% in the second quarter. American Century Companies Inc. now owns 280,896 shares of the company’s stock valued at $48,387,000 after purchasing an additional 25,591 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Toyota Motor by 2.7% in the second quarter. First Trust Advisors LP now owns 236,359 shares of the company’s stock valued at $40,715,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Cullen Capital Management LLC increased its stake in Toyota Motor by 25.2% during the 3rd quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after buying an additional 39,620 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BNP Paribas Exane initiated coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target for the company. Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Three 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 stock. Based on data from MarketBeat.com, Toyota Motor currently has a consensus rating of “Hold” and an average target price of $290.00.

Toyota Motor Stock Performance

Shares of TM stock opened at $241.75 on Thursday. 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 firm has a fifty day moving average price of $228.32 and a 200 day moving average price of $209.42. The company has a market cap of $325.73 billion, a P/E ratio of 12.74 and a beta of 0.62. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $248.90.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. The company had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%. Sell-side analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

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.