SRB Corp lessened its stake in Toyota Motor Corporation (NYSE:TM – Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,815 shares of the company’s stock after selling 6,277 shares during the period. Toyota Motor makes up about 3.7% of SRB Corp’s holdings, making the stock its 14th biggest holding. SRB Corp’s holdings in Toyota Motor were worth $60,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC grew its position in Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after acquiring an additional 113 shares during the last quarter. Highline Wealth Partners LLC grew its holdings in Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Toyota Motor in the first quarter worth about $33,000. Cornerstone Planning Group LLC grew its position in shares of Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in 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 period. 1.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
TM has been the topic of a number of research analyst reports. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Research cut shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Friday, July 17th. Freedom Capital upgraded 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 Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.
Toyota Motor Trading Up 0.4%
Shares of NYSE:TM opened at $177.48 on Friday. The stock has a 50 day moving average of $178.31 and a 200 day moving average of $204.01. The company has a market cap of $231.32 billion, a PE ratio of 9.06 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90.
Toyota Motor (NYSE:TM – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The firm had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. As a group, equities research analysts expect that Toyota Motor Corporation will post 20.89 EPS for the current year.
About Toyota Motor
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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