Cetera Investment Advisers Has $4.30 Million Stock Position in Toyota Motor Corporation (NYSE:TM)

Key Points

• Cetera Investment Advisers increased its stake in Toyota Motor Corporation by 8.2%, owning 24,334 shares worth approximately $4.3 million after acquiring an additional 1,852 shares.
• Toyota reported quarterly earnings of $3.39 per share, exceeding expectations by $0.47, and had a revenue of $81.09 billion, surpassing analyst estimates of $78.47 billion.
• Analysts have mixed views on Toyota, with one rating it a "buy," three rating it a "hold," and one giving it a "sell," leading to a consensus rating of "Hold."

Cetera Investment Advisers raised its holdings in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,334 shares of the company's stock after purchasing an additional 1,852 shares during the quarter. Cetera Investment Advisers' holdings in Toyota Motor were worth $4,296,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TM. Private Trust Co. NA increased its position in shares of Toyota Motor by 143.9% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the company's stock valued at $25,000 after purchasing an additional 82 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in shares of Toyota Motor in the fourth quarter worth about $29,000. Parvin Asset Management LLC acquired a new position in shares of Toyota Motor during the 4th quarter worth about $32,000. Wayfinding Financial LLC acquired a new position in shares of Toyota Motor during the 1st quarter worth about $41,000. Finally, ORG Wealth Partners LLC bought a new position in Toyota Motor during the first quarter valued at about $47,000. Institutional investors own 1.48% of the company's stock.

Toyota Motor Stock Performance

Shares of NYSE:TM traded down $0.80 during trading on Tuesday, reaching $181.51. 382,297 shares of the stock were exchanged, compared to its average volume of 488,241. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $201.00. The stock has a 50-day moving average price of $178.08 and a 200-day moving average price of $181.49. The firm has a market cap of $244.57 billion, a PE ratio of 8.02 and a beta of 0.64.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $3.39 EPS for the quarter, beating the consensus estimate of $2.92 by $0.47. The business had revenue of $81.09 billion during the quarter, compared to the consensus estimate of $78.47 billion. Toyota Motor had a net margin of 9.89% and a return on equity of 13.01%. Research analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TM. DZ Bank lowered Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. Sanford C. Bernstein began coverage on Toyota Motor in a research note on Monday, April 14th. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Toyota Motor has an average rating of "Hold".

Toyota Motor Company Profile

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.