Toyota Motor Corp (TM) Shares Bought by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. grew its stake in shares of Toyota Motor Corp (NYSE:TM) by 0.8% during the 1st quarter, HoldingsChannel reports. The firm owned 20,398 shares of the company’s stock after acquiring an additional 161 shares during the period. Wetherby Asset Management Inc.’s holdings in Toyota Motor were worth $2,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new stake in Toyota Motor in the fourth quarter worth $26,000. Clean Yield Group bought a new position in Toyota Motor during the fourth quarter valued at about $30,000. Berman Capital Advisors LLC boosted its stake in Toyota Motor by 437.3% during the first quarter. Berman Capital Advisors LLC now owns 274 shares of the company’s stock valued at $32,000 after buying an additional 223 shares in the last quarter. Lenox Wealth Management Inc. boosted its stake in Toyota Motor by 60.7% during the fourth quarter. Lenox Wealth Management Inc. now owns 344 shares of the company’s stock valued at $40,000 after buying an additional 130 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new position in Toyota Motor during the fourth quarter valued at about $46,000. Institutional investors own 0.72% of the company’s stock.

Shares of NYSE:TM traded up $0.77 during midday trading on Friday, reaching $118.24. The company had a trading volume of 1,237 shares, compared to its average volume of 149,468. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. Toyota Motor Corp has a 1-year low of $111.12 and a 1-year high of $137.56. The firm has a market capitalization of $173.64 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 2.55 and a beta of 0.70.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Toyota Motor from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. ValuEngine raised Toyota Motor from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $138.00.

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Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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