2,172 Shares in Toyota Motor Corporation (NYSE:TM) Acquired by TIAA Trust National Association

Key Points

• TIAA Trust National Association has acquired 2,172 shares of Toyota Motor Corporation valued at approximately $383,000.
• Several institutional investors, including Allspring Global Investments, have increased their stakes in Toyota, with Allspring raising its ownership by 27.8% in the first quarter.
• Analyst ratings for Toyota show a consensus of "Hold," with one downgrade to "strong sell" and one buy rating among recent assessments.

TIAA Trust National Association acquired a new stake in Toyota Motor Corporation (NYSE:TM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,172 shares of the company's stock, valued at approximately $383,000.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Toyota Motor by 27.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,163 shares of the company's stock valued at $1,424,000 after buying an additional 1,778 shares in the last quarter. DeDora Capital Inc. acquired a new position in shares of Toyota Motor during the 1st quarter worth $349,000. Bank of New York Mellon Corp raised its holdings in Toyota Motor by 10.8% during the first quarter. Bank of New York Mellon Corp now owns 53,998 shares of the company's stock worth $9,532,000 after purchasing an additional 5,262 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Toyota Motor in the first quarter valued at about $373,000. Finally, Bearing Point Capital LLC increased its position in Toyota Motor by 11.5% during the first quarter. Bearing Point Capital LLC now owns 18,797 shares of the company's stock worth $3,318,000 after buying an additional 1,933 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

Analyst Ratings Changes

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

Toyota Motor Stock Performance

TM traded up $2.82 on Wednesday, reaching $184.32. The company had a trading volume of 340,307 shares, compared to its average volume of 483,247. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.26. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $201.00. The company's fifty day moving average is $177.98 and its 200 day moving average is $181.49. The stock has a market cap of $248.36 billion, a P/E ratio of 8.15 and a beta of 0.64.

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