Clark Capital Management Group Inc. raised its position in Toyota Motor Corporation (NYSE:TM – Free Report) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 424,296 shares of the company’s stock after acquiring an additional 93,863 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Toyota Motor were worth $90,825,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TM. Brighton Jones LLC lifted its stake in Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after acquiring an additional 476 shares during the last quarter. AQR Capital Management LLC lifted its stake in Toyota Motor by 57.9% in the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after acquiring an additional 4,223 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Toyota Motor by 123.4% in the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares during the last quarter. Marshall Wace LLP acquired a new stake in Toyota Motor in the second quarter valued at $864,000. Finally, Brown Advisory Inc. lifted its stake in Toyota Motor by 17.7% in the second quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock valued at $263,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.
Toyota Motor Stock Performance
NYSE TM opened at $177.95 on Wednesday. The firm has a 50-day moving average of $192.23 and a 200-day moving average of $210.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The stock has a market cap of $231.92 billion, a PE ratio of 9.09 and a beta of 0.56. Toyota Motor Corporation has a 52-week low of $167.18 and a 52-week high of $248.90.
Analyst Ratings Changes
A number of brokerages have commented on TM. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley began coverage on shares of Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.
Read Our Latest Stock Analysis on TM
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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