Gabelli Funds LLC Purchases 5,250 Shares of Toyota Motor Corporation $TM

Key Points

• Gabelli Funds LLC increased its Toyota Motor (TM) stake by 28.8%, buying 5,250 additional shares to hold 23,500 shares valued at about $4.49 million at quarter-end.
• Toyota beat EPS expectations (reported $6.26 vs. $4.35 estimate) but missed revenue (reported $76.37B vs. $82B estimate) in the most recent quarter.
• Analysts carry an average rating of "Moderate Buy" with a $290 average price target while TM trades near $219.56, with a market cap of $286.16 billion and a P/E of 11.57.

Gabelli Funds LLC boosted its holdings in Toyota Motor Corporation (NYSE:TM - Free Report) by 28.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,500 shares of the company's stock after acquiring an additional 5,250 shares during the quarter. Gabelli Funds LLC's holdings in Toyota Motor were worth $4,491,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TM. Fisher Asset Management LLC raised its stake in shares of Toyota Motor by 1.2% in the third quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company's stock worth $1,320,279,000 after purchasing an additional 81,564 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Toyota Motor by 2.9% during the second quarter. Captrust Financial Advisors now owns 402,550 shares of the company's stock valued at $69,343,000 after buying an additional 11,397 shares during the last quarter. American Century Companies Inc. increased its holdings in Toyota Motor by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 332,180 shares of the company's stock worth $63,476,000 after buying an additional 51,284 shares in the last quarter. First Trust Advisors LP increased its holdings in Toyota Motor by 2.7% in the 2nd quarter. First Trust Advisors LP now owns 236,359 shares of the company's stock worth $40,715,000 after buying an additional 6,175 shares in the last quarter. Finally, Cullen Capital Management LLC raised its position 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 buying an additional 39,620 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Trading Up 0.2%

Shares of NYSE:TM opened at $219.56 on Tuesday. The stock's 50-day simple moving average is $230.73 and its two-hundred day simple moving average is $211.59. The stock has a market capitalization of $286.16 billion, a price-to-earnings ratio of 11.57 and a beta of 0.60. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week 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.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings results on Friday, February 6th. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The firm had revenue of $76.37 billion during the quarter, compared to analyst estimates of $82 billion. Analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

TM has been the topic of several research analyst reports. Zacks Research upgraded shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of Toyota Motor from a "buy" rating to a "hold" rating in a report on Sunday, November 16th. BNP Paribas Exane initiated coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They set an "outperform" rating and a $290.00 price objective on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Toyota Motor in a report on Wednesday, January 21st. Finally, DZ Bank raised shares of Toyota Motor from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Toyota Motor presently has an average rating of "Moderate Buy" and an average price target of $290.00.

About Toyota Motor

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.

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