May Hill Capital LLC grew its holdings in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 141.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,014 shares of the company’s stock after purchasing an additional 2,935 shares during the quarter. May Hill Capital LLC’s holdings in Toyota Motor were worth $1,073,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its stake in Toyota Motor by 1.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company’s stock worth $1,320,279,000 after purchasing an additional 81,564 shares during the last quarter. Bank of America Corp DE boosted its stake in Toyota Motor by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after purchasing an additional 67,943 shares during the last quarter. Northern Trust Corp boosted its stake in Toyota Motor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after purchasing an additional 36,207 shares during the last quarter. Natixis Advisors LLC boosted its stake in Toyota Motor by 8.5% during the 3rd quarter. Natixis Advisors LLC now owns 465,639 shares of the company’s stock worth $88,979,000 after purchasing an additional 36,381 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Toyota Motor by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock worth $77,819,000 after purchasing an additional 4,689 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.
Toyota Motor Trading Up 0.2%
Shares of TM stock opened at $190.83 on Friday. The company’s 50-day moving average price is $204.87 and its 200-day moving average price is $213.67. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market cap of $248.72 billion, a price-to-earnings ratio of 9.75 and a beta of 0.58. Toyota Motor Corporation has a twelve month low of $167.18 and a twelve month high of $248.90.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on TM shares. BNP Paribas Exane started coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 target price on the stock. Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley started coverage on shares of Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Finally, Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $290.00.
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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