Ovata Capital Management Ltd acquired a new position in shares of Toyota Motor Corporation (NYSE:TM – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,500 shares of the company’s stock, valued at approximately $964,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC grew its holdings in Toyota Motor by 92.4% in the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 73 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Toyota Motor by 302.1% during the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after purchasing an additional 142 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Toyota Motor by 10,000.0% during the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in shares of Toyota Motor in the 3rd quarter worth $49,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.
Wall Street Analyst Weigh In
TM has been the topic of several research analyst reports. Morgan Stanley started coverage on Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.
Toyota Motor Trading Up 0.1%
NYSE TM opened at $174.03 on Friday. Toyota Motor Corporation has a 1 year low of $167.18 and a 1 year high of $248.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The company has a market capitalization of $226.82 billion, a PE ratio of 8.89 and a beta of 0.56. The company has a fifty day moving average of $190.19 and a 200 day moving average of $210.05.
Toyota Motor (NYSE:TM – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The company had revenue of $76.81 billion for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Research analysts forecast that Toyota Motor Corporation will post 21.06 earnings per share for the current year.
Toyota Motor Company Profile
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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