Balyasny Asset Management L.P. purchased a new position in Toyota Motor Co. (NYSE:TM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,163 shares of the company's stock, valued at approximately $7,038,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Toyota Motor by 168.8% during the 3rd quarter. Barclays PLC now owns 4,155 shares of the company's stock valued at $742,000 after purchasing an additional 2,609 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Toyota Motor by 19.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,680 shares of the company's stock valued at $1,014,000 after buying an additional 913 shares in the last quarter. HBW Advisory Services LLC purchased a new position in shares of Toyota Motor in the 4th quarter worth approximately $217,000. Aprio Wealth Management LLC raised its stake in shares of Toyota Motor by 6.5% during the 4th quarter. Aprio Wealth Management LLC now owns 1,411 shares of the company's stock worth $275,000 after acquiring an additional 86 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in Toyota Motor by 21.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 7,046 shares of the company's stock valued at $1,371,000 after acquiring an additional 1,224 shares during the last quarter. Institutional investors own 1.48% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on TM shares. Sanford C. Bernstein initiated coverage on Toyota Motor in a research report on Monday, April 14th. They issued a "market perform" rating for the company. CLSA lowered Toyota Motor from an "outperform" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Macquarie raised shares of Toyota Motor from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Report on TM
Toyota Motor Stock Performance
Shares of TM stock opened at $187.52 on Friday. The business has a 50-day simple moving average of $182.12 and a 200-day simple moving average of $181.24. The company has a quick ratio of 1.06, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The stock has a market cap of $252.67 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.35 and a beta of 0.67. Toyota Motor Co. has a 52-week low of $155.00 and a 52-week high of $221.09.
Toyota Motor (NYSE:TM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $3.39 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.47. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. The business had revenue of $81.09 billion for the quarter, compared to analysts' expectations of $11,956.52 billion. On average, equities analysts expect that Toyota Motor Co. will post 19.76 EPS for the current year.
Toyota Motor Company Profile
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Free Report)
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.
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