QRG Capital Management Inc. Acquires 3,460 Shares of Toyota Motor Co. (NYSE:TM)

QRG Capital Management Inc. lifted its holdings in shares of Toyota Motor Co. (NYSE:TM - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 91,463 shares of the company's stock after purchasing an additional 3,460 shares during the period. QRG Capital Management Inc.'s holdings in Toyota Motor were worth $16,146,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new position in shares of Toyota Motor during the 4th quarter valued at $29,000. Parvin Asset Management LLC purchased a new stake in Toyota Motor during the 4th quarter valued at $32,000. Sierra Ocean LLC purchased a new stake in Toyota Motor during the 4th quarter valued at $53,000. BankPlus Trust Department purchased a new stake in Toyota Motor during the 4th quarter valued at $58,000. Finally, IFP Advisors Inc boosted its position in Toyota Motor by 39.5% during the 4th quarter. IFP Advisors Inc now owns 318 shares of the company's stock valued at $62,000 after buying an additional 90 shares during the period. Institutional investors own 1.48% of the company's stock.

Toyota Motor Trading Down 0.5%

NYSE:TM opened at $177.81 on Tuesday. The company has a 50-day moving average price of $183.96 and a 200-day moving average price of $183.50. Toyota Motor Co. has a 12 month low of $155.00 and a 12 month high of $208.86. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The stock has a market cap of $239.59 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 0.35 and a beta of 0.65.

Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, topping the consensus estimate of $2.92 by $0.47. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. The firm had revenue of $81.09 billion during the quarter, compared to analysts' expectations of $78.47 billion. Equities analysts predict that Toyota Motor Co. will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a research report on Monday, April 14th. They set a "market perform" rating for the company. DZ Bank cut shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Toyota Motor currently has a consensus rating of "Hold".

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.

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.