Forum Financial Management LP Buys 5,180 Shares of Toyota Motor Co. (NYSE:TM)

Forum Financial Management LP raised its holdings in Toyota Motor Co. (NYSE:TM - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,477 shares of the company's stock after acquiring an additional 5,180 shares during the period. Forum Financial Management LP's holdings in Toyota Motor were worth $4,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in shares of Toyota Motor by 66.5% during the fourth quarter. Northern Trust Corp now owns 961,403 shares of the company's stock worth $187,099,000 after buying an additional 384,149 shares during the period. Captrust Financial Advisors boosted its position in Toyota Motor by 166.3% during the fourth quarter. Captrust Financial Advisors now owns 374,864 shares of the company's stock valued at $72,952,000 after purchasing an additional 234,078 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Toyota Motor during the fourth quarter valued at approximately $26,203,000. Fisher Asset Management LLC boosted its position in Toyota Motor by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company's stock valued at $1,341,254,000 after purchasing an additional 129,560 shares during the last quarter. Finally, FMR LLC boosted its position in Toyota Motor by 14.3% during the fourth quarter. FMR LLC now owns 563,437 shares of the company's stock valued at $109,651,000 after purchasing an additional 70,644 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TM has been the subject of several recent research reports. CLSA cut Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. DZ Bank cut Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. Macquarie raised Toyota Motor from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein started coverage on Toyota Motor in a research note on Monday, April 14th. They set a "market perform" rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Toyota Motor Price Performance

Shares of TM stock traded up $3.38 during trading hours on Thursday, reaching $186.26. The company's stock had a trading volume of 268,570 shares, compared to its average volume of 375,032. The firm's 50 day simple moving average is $181.29 and its 200-day simple moving average is $182.29. The company has a market capitalization of $250.96 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.35 and a beta of 0.67. Toyota Motor Co. has a fifty-two week low of $155.00 and a fifty-two week high of $217.51. The company has a quick ratio of 1.06, a current ratio of 1.21 and a debt-to-equity ratio of 0.64.

Toyota Motor (NYSE:TM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.47. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. The firm had revenue of $81.09 billion for the quarter, compared to the consensus estimate of $78.47 billion. Sell-side analysts forecast that Toyota Motor Co. will post 19.76 earnings per share for the current year.

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.