Gabelli Funds LLC raised its holdings in Toyota Motor Corporation (NYSE:TM – Free Report) by 26.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,750 shares of the company’s stock after acquiring an additional 6,800 shares during the period. Gabelli Funds LLC’s holdings in Toyota Motor were worth $6,749,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of TM. Morgan Stanley grew its holdings in shares of Toyota Motor by 13.0% during the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after purchasing an additional 279,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Toyota Motor by 3,027.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after purchasing an additional 244,684 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in Toyota Motor by 717.3% in the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after purchasing an additional 128,128 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Toyota Motor by 116.3% during the fourth quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock valued at $49,580,000 after purchasing an additional 124,520 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Toyota Motor by 1,509.1% during the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock valued at $19,215,000 after purchasing an additional 94,305 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on TM. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Friday, July 17th. Morgan Stanley assumed coverage on shares of Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating for the company. Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note 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 research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Toyota Motor presently has an average rating of “Moderate Buy” and an average price target of $290.00.
Toyota Motor Stock Up 2.6%
Shares of Toyota Motor stock opened at $182.12 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90. The stock has a market capitalization of $237.36 billion, a price-to-earnings ratio of 9.30 and a beta of 0.58. The company’s 50 day moving average price is $178.20 and its 200-day moving average price is $203.67.
Toyota Motor (NYSE:TM – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. Equities research analysts forecast 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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