Frank Rimerman Advisors LLC Acquires 4,618 Shares of Toyota Motor Corporation $TM

Frank Rimerman Advisors LLC raised its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 152.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,652 shares of the company’s stock after buying an additional 4,618 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Toyota Motor were worth $1,638,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Toyota Motor during the third quarter worth $26,000. Highline Wealth Partners LLC boosted its holdings in Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares during the period. Palisade Asset Management LLC acquired a new stake in Toyota Motor in the 3rd quarter worth $49,000. Bangor Savings Bank grew its position in Toyota Motor by 27.8% in the 3rd quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after purchasing an additional 58 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its holdings 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 purchasing an additional 164 shares during the period. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Toyota Motor Trading Up 1.5%

Shares of Toyota Motor stock opened at $205.98 on Wednesday. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $248.90. The firm has a market capitalization of $268.46 billion, a PE ratio of 10.86 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The company’s fifty day moving average price is $227.39 and its two-hundred day moving average price is $213.11.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Friday, February 6th. The company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current 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.