Massachusetts Financial Services Co. MA Boosts Stake in Toyota Motor Corporation (NYSE:TM)

Massachusetts Financial Services Co. MA raised its position in Toyota Motor Corporation (NYSE:TM - Free Report) by 26.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,957 shares of the company's stock after buying an additional 5,211 shares during the period. Massachusetts Financial Services Co. MA's holdings in Toyota Motor were worth $4,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TM. Brighton Jones LLC raised its stake in shares of Toyota Motor by 21.8% in the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company's stock valued at $517,000 after purchasing an additional 476 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Toyota Motor by 17.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company's stock valued at $13,991,000 after purchasing an additional 10,576 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Toyota Motor by 16.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 30,465 shares of the company's stock valued at $5,929,000 after purchasing an additional 4,283 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Toyota Motor by 19.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,863 shares of the company's stock valued at $946,000 after purchasing an additional 797 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Toyota Motor by 17.9% in the 4th quarter. Harbour Investments Inc. now owns 633 shares of the company's stock valued at $123,000 after purchasing an additional 96 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TM shares. DZ Bank lowered shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. Sanford C. Bernstein started coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a "market perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Toyota Motor has a consensus rating of "Hold".

Toyota Motor Stock Down 1.1%

TM stock opened at $168.67 on Friday. The company has a market cap of $227.27 billion, a price-to-earnings ratio of 7.46 and a beta of 0.61. The company has a 50 day moving average of $178.78 and a two-hundred day moving average of $181.96. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 12-month low of $155.00 and a 12-month high of $201.33.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly 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 net margin of 9.89% and a return on equity of 13.01%. The business had revenue of $81.09 billion for the quarter, compared to the consensus estimate of $78.47 billion. On average, equities analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

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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