Live Oak Private Wealth LLC Makes New $6.08 Million Investment in Toyota Motor Corporation $TM

Key Points

• Live Oak Private Wealth purchased 36,105 Toyota Motor shares worth approximately $6.08 million during the second quarter, while other hedge funds also increased or initiated positions.
• Toyota reported quarterly earnings of $7.42 per share on $83.16 billion in revenue; shares were trading at $198.31, up 0.9%, with a market capitalization of about $258.5 billion.
• Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating and a $290 average price target; Toyota’s president also bought 85,000 shares in an insider transaction.

Live Oak Private Wealth LLC purchased a new position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 36,105 shares of the company's stock, valued at approximately $6,081,000.

A number of other hedge funds have also recently modified their holdings of TM. Annis Gardner Whiting Capital Advisors LLC lifted its position in Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company's stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Toyota Motor in the first quarter worth about $33,000. Trust Co. of Vermont purchased a new stake in Toyota Motor in the second quarter worth about $33,000. Larson Financial Group LLC increased its position in Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company's stock worth $40,000 after buying an additional 142 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new position in shares of Toyota Motor in the third quarter worth about $49,000. Institutional investors own 1.48% of the company's stock.

Toyota Motor Trading Up 0.9%

Shares of TM stock opened at $198.31 on Wednesday. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a market capitalization of $258.47 billion, a PE ratio of 8.74, a PEG ratio of 1.31 and a beta of 0.57. The stock has a fifty day simple moving average of $183.50 and a two-hundred day simple moving average of $196.65.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The business had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. On average, analysts predict that Toyota Motor Corporation will post 20.08 EPS for the current fiscal year.

Insider Transactions at Toyota Motor

In other Toyota Motor news, President Kenta Kon bought 85,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the purchase, the president owned 148,100 shares of the company's stock, valued at $2,726,521. This trade represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TM shares. Freedom Capital upgraded Toyota Motor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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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