Royal Bank of Canada Grows Holdings in Toyota Motor Corporation $TM

Key Points

• Royal Bank of Canada increased its holdings in Toyota Motor Corporation by 4.1% during the first quarter, bringing the total value of its stake to approximately $19.61 million.
• Toyota reported a miss in earnings per share, posting $4.47 compared to the consensus estimate of $4.67, despite revenue surpassing expectations at $83.13 billion.
• Several institutional investors, including Allspring Global Investments and Charles Schwab Investment Management, have increased their stakes in Toyota, indicating strong interest from financial institutions in the company.

Royal Bank of Canada boosted its position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,077 shares of the company's stock after buying an additional 4,343 shares during the quarter. Royal Bank of Canada's holdings in Toyota Motor were worth $19,609,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. MAI Capital Management raised its position in Toyota Motor by 8.4% during the first quarter. MAI Capital Management now owns 1,762 shares of the company's stock worth $311,000 after acquiring an additional 136 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in Toyota Motor by 11.0% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,308 shares of the company's stock worth $231,000 after acquiring an additional 130 shares during the period. Vident Advisory LLC raised its position in Toyota Motor by 25.6% during the first quarter. Vident Advisory LLC now owns 28,897 shares of the company's stock worth $5,102,000 after acquiring an additional 5,887 shares during the period. Transamerica Financial Advisors LLC raised its position in Toyota Motor by 57.2% during the first quarter. Transamerica Financial Advisors LLC now owns 533 shares of the company's stock worth $94,000 after acquiring an additional 194 shares during the period. Finally, Ieq Capital LLC raised its position in Toyota Motor by 6.4% during the first quarter. Ieq Capital LLC now owns 8,838 shares of the company's stock worth $1,560,000 after acquiring an additional 528 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TM. Zacks Research raised Toyota Motor from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Sanford C. Bernstein upgraded shares of Toyota Motor from a "market perform" rating to an "outperform" rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Toyota Motor Trading Down 0.8%

Toyota Motor stock traded down $1.49 during midday trading on Friday, hitting $196.14. 258,385 shares of the stock were exchanged, compared to its average volume of 263,935. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $202.85. The stock has a market capitalization of $264.28 billion, a price-to-earnings ratio of 9.46 and a beta of 0.61. The stock's 50-day simple moving average is $186.76 and its 200 day simple moving average is $183.43. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $4.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.20). Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%.The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $81.73 billion. Toyota Motor has set its FY 2026 guidance at 14.100-14.100 EPS. On average, equities analysts anticipate that Toyota Motor Corporation will post 19.76 EPS for the current year.

Toyota Motor Company 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.