Calamos Advisors LLC bought a new stake in Toyota Motor Corporation (NYSE:TM – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm bought 20,763 shares of the company’s stock, valued at approximately $4,279,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC boosted its stake in shares of Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Toyota Motor in the first quarter valued at $33,000. Cornerstone Planning Group LLC lifted its holdings in Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after buying an additional 48 shares during the period. Larson Financial Group LLC boosted its position in Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after acquiring an additional 142 shares during the last quarter. Finally, Activest Wealth Management boosted its position in Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.
Toyota Motor Stock Performance
Shares of TM opened at $176.78 on Thursday. The firm has a market capitalization of $230.41 billion, a P/E ratio of 9.03 and a beta of 0.58. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The stock has a 50 day moving average price of $179.50 and a two-hundred day moving average price of $205.76. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27.
Analyst Ratings Changes
TM has been the subject of several research analyst reports. Zacks Research lowered Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Morgan Stanley initiated coverage on Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating for the company. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $290.00.
Read Our Latest Research Report on Toyota Motor
Toyota Motor 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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