Cardinal Capital Management Raises Position in Toyota Motor Co. (NYSE:TM)

Cardinal Capital Management grew its holdings in shares of Toyota Motor Co. (NYSE:TM) by 0.7% in the first quarter, HoldingsChannel reports. The fund owned 23,135 shares of the company’s stock after purchasing an additional 155 shares during the quarter. Cardinal Capital Management’s holdings in Toyota Motor were worth $4,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wood Tarver Financial Group LLC bought a new stake in Toyota Motor during the fourth quarter valued at about $29,000. Parvin Asset Management LLC purchased a new position in shares of Toyota Motor during the 4th quarter valued at about $32,000. Sierra Ocean LLC bought a new position in shares of Toyota Motor during the 4th quarter valued at approximately $53,000. BankPlus Trust Department bought a new position in shares of Toyota Motor during the 4th quarter valued at approximately $58,000. Finally, IFP Advisors Inc increased its holdings in Toyota Motor by 39.5% in the 4th quarter. IFP Advisors Inc now owns 318 shares of the company’s stock worth $62,000 after acquiring an additional 90 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $177.81 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. Toyota Motor Co. has a 1-year low of $155.00 and a 1-year high of $208.86. The company has a market capitalization of $239.59 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.35 and a beta of 0.65. The firm’s 50 day simple moving average is $183.96 and its two-hundred day simple moving average is $183.50.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.47. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. The business had revenue of $81.09 billion for the quarter, compared to the consensus estimate of $78.47 billion. Research analysts expect that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a report on Monday, April 14th. They set a “market perform” rating on the stock. DZ Bank downgraded shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Toyota Motor currently has an average rating of “Hold”.

Toyota Motor 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.