JPMorgan Chase & Co. Increases Position in Toyota Motor Corporation $TM

Key Points

• JPMorgan Chase & Co. increased its stake in Toyota by 26.1%, adding 22,177 shares to hold 107,094 shares worth $20,465,000 per its latest 13F filing.
• Toyota reported quarterly EPS of $6.26, beating estimates by $1.91, while revenue missed at $76.37 billion versus expectations of $82 billion.
• Wall Street sentiment is generally positive with a MarketBeat consensus of "Moderate Buy" and a consensus price target of $290, accompanied by recent upgrades from firms including DZ Bank and BNP Paribas Exane.

JPMorgan Chase & Co. increased its position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,094 shares of the company's stock after acquiring an additional 22,177 shares during the quarter. JPMorgan Chase & Co.'s holdings in Toyota Motor were worth $20,465,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TM. Wilmington Savings Fund Society FSB raised its holdings in Toyota Motor by 5.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company's stock valued at $195,000 after acquiring an additional 50 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of Toyota Motor by 3.8% during the third quarter. MGO One Seven LLC now owns 1,444 shares of the company's stock worth $276,000 after purchasing an additional 53 shares during the last quarter. Seven Mile Advisory boosted its holdings in shares of Toyota Motor by 4.1% during the third quarter. Seven Mile Advisory now owns 1,400 shares of the company's stock worth $268,000 after purchasing an additional 55 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Toyota Motor by 1.3% in the third quarter. Moneta Group Investment Advisors LLC now owns 4,211 shares of the company's stock valued at $805,000 after purchasing an additional 56 shares during the period. Finally, Lodestone Wealth Management LLC grew its position in shares of Toyota Motor by 2.3% in the third quarter. Lodestone Wealth Management LLC now owns 2,590 shares of the company's stock valued at $495,000 after purchasing an additional 57 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Trading Down 0.5%

TM stock opened at $209.55 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The company has a market cap of $273.12 billion, a price-to-earnings ratio of 11.05 and a beta of 0.60. The business has a fifty day simple moving average of $229.53 and a 200-day simple moving average of $212.81. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $248.90.

Toyota Motor (NYSE:TM - Get Free Report) last issued its earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, beating analysts' consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The firm had revenue of $76.37 billion for the quarter, compared to analysts' expectations of $82 billion. On average, equities research analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. DZ Bank upgraded Toyota Motor from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Weiss Ratings restated a "hold (c)" rating on shares of Toyota Motor in a report on Wednesday, January 21st. BNP Paribas Exane began coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They set an "outperform" rating and a $290.00 price objective for the company. Finally, Zacks Research upgraded shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Toyota Motor has a consensus rating of "Moderate Buy" and a consensus price target of $290.00.

Toyota Motor Profile

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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