Weaver Capital Management LLC Makes New $1.18 Million Investment in Toyota Motor Corporation $TM

Key Points

• Weaver Capital Management LLC bought a new position of 5,490 Toyota shares worth approximately $1.18 million in the fourth quarter.
• Toyota reported quarterly EPS of $6.26, beating estimates by $1.91, but revenue of $76.37 billion missed analysts' roughly $82 billion forecast.
• Analysts show a consensus Moderate Buy with a $290 price target, while the stock trades near $215 with a P/E of 11.34 and a market cap around $280 billion.

Weaver Capital Management LLC bought a new position in shares of Toyota Motor Corporation (NYSE:TM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,490 shares of the company's stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TM. Brighton Jones LLC grew its holdings in Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company's stock worth $517,000 after acquiring an additional 476 shares in the last quarter. AQR Capital Management LLC grew its holdings in Toyota Motor by 57.9% during the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company's stock worth $2,032,000 after acquiring an additional 4,223 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Toyota Motor by 18.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,849 shares of the company's stock worth $1,869,000 after acquiring an additional 1,716 shares in the last quarter. First Trust Advisors LP grew its holdings in Toyota Motor by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 236,359 shares of the company's stock worth $40,715,000 after acquiring an additional 6,175 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company's stock worth $490,000 after acquiring an additional 1,571 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Price Performance

Toyota Motor stock opened at $215.08 on Thursday. The company's fifty day moving average price is $225.34 and its 200 day moving average price is $213.37. Toyota Motor Corporation has a 1 year low of $160.00 and a 1 year high of $248.90. The stock has a market capitalization of $280.32 billion, a P/E ratio of 11.34 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings results on Saturday, February 7th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The firm had revenue of $76.37 billion for the quarter, compared to analysts' expectations of $82 billion. As a group, equities research analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TM has been the topic of several recent research reports. Zacks Research upgraded shares of Toyota Motor from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Toyota Motor in a research report on Wednesday, January 21st. DZ Bank raised shares of Toyota Motor from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Erste Group Bank lowered shares of Toyota Motor from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Finally, BNP Paribas Exane started coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They set an "outperform" rating and a $290.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $290.00.

About Toyota Motor

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.

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