Inspire Trust Co. N.A. Increases Stock Position in Toyota Motor Corporation (NYSE:TM)

Key Points

• Inspire Trust Co. N.A. increased its holdings in Toyota Motor Corporation by 25.0%, owning a total of 25,000 shares valued at $4,413,000.
• Shares of Toyota Motor opened at $194.19 with a market cap of $261.65 billion and a P/E ratio of 9.36, while the stock has fluctuated between a 12-month low of $155.00 and high of $201.00.
• After recent earnings results, which included missing consensus EPS estimates, Toyota's stock rating has been downgraded by DZ Bank from "strong-buy" to "strong sell".

Inspire Trust Co. N.A. raised its holdings in Toyota Motor Corporation (NYSE:TM - Free Report) by 25.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,000 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Toyota Motor comprises approximately 1.0% of Inspire Trust Co. N.A.'s portfolio, making the stock its 28th largest holding. Inspire Trust Co. N.A.'s holdings in Toyota Motor were worth $4,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Toyota Motor by 27.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,163 shares of the company's stock worth $1,424,000 after buying an additional 1,778 shares in the last quarter. DeDora Capital Inc. acquired a new position in Toyota Motor during the first quarter worth approximately $349,000. Bank of New York Mellon Corp increased its position in Toyota Motor by 10.8% during the first quarter. Bank of New York Mellon Corp now owns 53,998 shares of the company's stock worth $9,532,000 after purchasing an additional 5,262 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Toyota Motor in the first quarter worth $373,000. Finally, Bearing Point Capital LLC grew its holdings in Toyota Motor by 11.5% during the 1st quarter. Bearing Point Capital LLC now owns 18,797 shares of the company's stock valued at $3,318,000 after purchasing an additional 1,933 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Stock Performance

Shares of TM opened at $194.19 on Thursday. The firm's 50 day moving average is $178.04 and its 200-day moving average is $181.65. The stock has a market capitalization of $261.65 billion, a P/E ratio of 9.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.11. Toyota Motor Corporation has a 12-month low of $155.00 and a 12-month high of $201.00.

Toyota Motor (NYSE:TM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $4.47 earnings per share for the quarter, missing the consensus estimate of $4.67 by ($0.20). The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $81.73 billion. Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. Equities research analysts anticipate that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DZ Bank lowered shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Toyota Motor 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.

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