Summit Global Investments acquired a new position in shares of Toyota Motor Corporation (NYSE:TM – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,612 shares of the company’s stock, valued at approximately $661,000.
A number of other hedge funds have also bought and sold shares of TM. MGO One Seven LLC raised its stake in shares of Toyota Motor by 20.9% in the third quarter. MGO One Seven LLC now owns 2,219 shares of the company’s stock valued at $406,000 after acquiring an additional 384 shares during the period. Aprio Wealth Management LLC lifted its holdings in shares of Toyota Motor by 21.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,521 shares of the company’s stock worth $278,000 after acquiring an additional 273 shares during the last quarter. Canopy Partners LLC purchased a new position in shares of Toyota Motor during the 3rd quarter worth about $266,000. Glenview Trust Co purchased a new position in shares of Toyota Motor during the 3rd quarter worth about $249,000. Finally, Soltis Investment Advisors LLC boosted its stake in shares of Toyota Motor by 15.6% during the 3rd quarter. Soltis Investment Advisors LLC now owns 1,742 shares of the company’s stock worth $319,000 after purchasing an additional 235 shares during the period. Institutional investors own 1.48% of the company’s stock.
Insider Activity
In related news, President Kenta Kon bought 85,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the purchase, the president owned 148,100 shares of the company’s stock, valued at $2,726,521. This trade represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TM. Zacks Research upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Weiss Ratings raised shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $290.00.
Check Out Our Latest Analysis on Toyota Motor
Toyota Motor Price Performance
TM opened at $195.54 on Tuesday. The business has a fifty day moving average of $192.10 and a 200 day moving average of $199.01. The stock has a market cap of $254.85 billion, a P/E ratio of 8.62, a PEG ratio of 1.28 and a beta of 0.61. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90.
Toyota Motor (NYSE:TM – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. The business had revenue of $83.16 billion for the quarter. As a group, sell-side analysts anticipate that Toyota Motor Corporation will post 21.17 EPS for the current year.
Toyota Motor Company Profile
Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.
Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.
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