Oppenheimer Asset Management Inc. Acquires 5,747 Shares of Toyota Motor Corporation (NYSE:TM)

Oppenheimer Asset Management Inc. raised its holdings in Toyota Motor Corporation (NYSE:TM - Free Report) by 28.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,848 shares of the company's stock after purchasing an additional 5,747 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Toyota Motor were worth $4,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TM. GAMMA Investing LLC grew its stake in Toyota Motor by 22,846.4% in the 1st quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock valued at $86,726,000 after purchasing an additional 489,142 shares during the period. Northern Trust Corp grew its stake in Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company's stock valued at $187,099,000 after purchasing an additional 384,149 shares during the period. Captrust Financial Advisors grew its stake in Toyota Motor by 166.3% in the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company's stock valued at $72,952,000 after purchasing an additional 234,078 shares during the period. Raymond James Financial Inc. bought a new position in Toyota Motor in the 4th quarter valued at $26,203,000. Finally, Fisher Asset Management LLC grew its stake in Toyota Motor by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company's stock valued at $1,341,254,000 after purchasing an additional 129,560 shares during the period. Institutional investors own 1.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TM shares. DZ Bank downgraded Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. Sanford C. Bernstein assumed coverage on Toyota Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company. One 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. Based on data from MarketBeat, the company has an average rating of "Hold".

Toyota Motor Stock Up 0.5%

TM stock opened at $171.67 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.26. The company has a market capitalization of $231.30 billion, a price-to-earnings ratio of 7.59 and a beta of 0.65. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $208.86. The stock has a fifty day moving average of $184.14 and a 200-day moving average of $183.35.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.47. The company had revenue of $81.09 billion during the quarter, compared to the consensus estimate of $78.47 billion. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. As a group, equities research analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

About Toyota Motor

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.

Want to see what other hedge funds are holding TM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toyota Motor Corporation (NYSE:TM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.