Toyota Motor Corporation $TM Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in Toyota Motor Corporation (NYSE:TM) by 15.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,956 shares of the company’s stock after purchasing an additional 2,933 shares during the quarter. Park Avenue Securities LLC’s holdings in Toyota Motor were worth $4,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grey Ledge Advisors LLC acquired a new position in shares of Toyota Motor in the third quarter valued at approximately $1,556,000. Quadrant Capital Group LLC boosted its position in Toyota Motor by 4.6% during the second quarter. Quadrant Capital Group LLC now owns 31,640 shares of the company’s stock worth $5,450,000 after acquiring an additional 1,391 shares during the last quarter. Federated Hermes Inc. boosted its position in Toyota Motor by 22,450.6% during the third quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock worth $3,663,000 after acquiring an additional 19,083 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Toyota Motor by 21.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,062 shares of the company’s stock worth $2,939,000 after acquiring an additional 3,012 shares during the period. Finally, Cullen Capital Management LLC grew its stake in Toyota Motor by 25.2% in the 3rd quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after acquiring an additional 39,620 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Toyota Motor has an average rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Price Performance

Toyota Motor stock opened at $204.96 on Friday. Toyota Motor Corporation has a 1 year low of $155.00 and a 1 year high of $248.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. The firm has a 50 day moving average price of $230.17 and a 200 day moving average price of $212.52. The company has a market cap of $267.13 billion, a price-to-earnings ratio of 10.80 and a beta of 0.60.

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, topping 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 company had revenue of $76.37 billion for the quarter, compared to the consensus estimate of $82 billion. Sell-side analysts predict 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.