Naviter Wealth LLC raised its stake in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,266 shares of the company's stock after acquiring an additional 2,147 shares during the quarter. Naviter Wealth LLC's holdings in Toyota Motor were worth $4,345,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in TM. GAMMA Investing LLC lifted its position in shares of Toyota Motor by 22,846.4% in the 1st quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock worth $86,726,000 after buying an additional 489,142 shares during the last quarter. Northern Trust Corp lifted its position in shares of Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company's stock worth $187,099,000 after buying an additional 384,149 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Toyota Motor by 166.3% in the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company's stock worth $72,952,000 after buying an additional 234,078 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Toyota Motor in the 4th quarter worth about $26,203,000. Finally, Fisher Asset Management LLC lifted its position in shares of Toyota Motor by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company's stock worth $1,341,254,000 after buying an additional 129,560 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on TM. 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 started coverage on shares of Toyota Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. One equities 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.com, the company currently has a consensus rating of "Hold".
Read Our Latest Analysis on TM
Toyota Motor Stock Up 3.2%
TM stock opened at $176.12 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $208.86. The firm's 50-day simple moving average is $183.90 and its 200 day simple moving average is $183.25. The stock has a market cap of $237.31 billion, a PE ratio of 7.79 and a beta of 0.65.
Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.47. Toyota Motor had a net margin of 9.89% and a return on equity of 13.01%. The business had revenue of $81.09 billion for the quarter, compared to analysts' expectations of $78.47 billion. As a group, sell-side analysts predict that Toyota Motor Corporation will post 19.76 EPS for the current year.
Toyota Motor Company Profile
(
Free Report)
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.
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