Oppenheimer Asset Management Inc. grew its position in Toyota Motor Corporation (NYSE:TM - Free Report) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,340 shares of the company's stock after purchasing an additional 9,222 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Toyota Motor were worth $7,565,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Toyota Motor during the third quarter worth about $26,000. Highline Wealth Partners LLC raised its holdings in Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company's stock worth $33,000 after acquiring an additional 73 shares in the last quarter. Activest Wealth Management raised its holdings in Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company's stock worth $43,000 after acquiring an additional 200 shares in the last quarter. Palisade Asset Management LLC bought a new stake in Toyota Motor during the third quarter worth about $49,000. Finally, Bangor Savings Bank raised its holdings in Toyota Motor by 27.8% during the third quarter. Bangor Savings Bank now owns 267 shares of the company's stock worth $51,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 1.48% of the company's stock.
Toyota Motor News Roundup
Here are the key news stories impacting Toyota Motor this week:
Toyota Motor Price Performance
Toyota Motor stock opened at $188.90 on Friday. Toyota Motor Corporation has a 12 month low of $167.18 and a 12 month high of $248.90. The stock's 50 day moving average is $213.98 and its 200-day moving average is $214.36. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $246.19 billion, a price-to-earnings ratio of 9.96 and a beta of 0.58.
Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Saturday, February 7th. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The company had revenue of $76.37 billion for the quarter, compared to the consensus estimate of $82 billion. Equities research analysts expect that Toyota Motor Corporation will post 18 EPS for the current year.
Analysts Set New Price Targets
TM has been the topic of several analyst reports. Morgan Stanley initiated coverage on Toyota Motor in a report on Friday. They set an "equal weight" rating on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Toyota Motor in a report on Monday, April 20th. Zacks Research upgraded Toyota Motor from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. BNP Paribas Exane initiated coverage on Toyota Motor in a report on Thursday, February 12th. They set an "outperform" rating and a $290.00 target price on the stock. Finally, Erste Group Bank lowered Toyota Motor from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.00.
Check Out Our Latest Report on TM
Toyota Motor Company Profile
(
Free Report)
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.
Further Reading
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