AlphaCore Capital LLC Purchases 4,127 Shares of Toyota Motor Corporation $TM

AlphaCore Capital LLC raised its position in shares of Toyota Motor Corporation (NYSE:TM) by 481.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,985 shares of the company’s stock after purchasing an additional 4,127 shares during the period. AlphaCore Capital LLC’s holdings in Toyota Motor were worth $953,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its holdings in shares of Toyota Motor by 5.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock worth $195,000 after buying an additional 50 shares in the last quarter. MGO One Seven LLC boosted its stake in Toyota Motor by 3.8% in the third quarter. MGO One Seven LLC now owns 1,444 shares of the company’s stock valued at $276,000 after buying an additional 53 shares in the last quarter. Lodestone Wealth Management LLC grew its position in Toyota Motor by 2.3% in the third quarter. Lodestone Wealth Management LLC now owns 2,590 shares of the company’s stock valued at $495,000 after acquiring an additional 57 shares during the last quarter. Bangor Savings Bank raised its stake in Toyota Motor by 27.8% during the third 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. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in shares of Toyota Motor by 2.9% in the third 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 during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Trading Down 0.1%

Shares of TM stock opened at $242.32 on Friday. The stock has a 50-day moving average of $229.31 and a 200-day moving average of $210.03. 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 cap of $315.82 billion, a price-to-earnings ratio of 12.77 and a beta of 0.62. Toyota Motor Corporation has a 1-year low of $155.00 and a 1-year high of $248.90.

Toyota Motor (NYSE:TM) last released its 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. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The business had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. On average, equities research analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.