Bank of New York Mellon Corp increased its holdings in Toyota Motor Corporation (NYSE:TM – Free Report) by 7.5% during the first quarter, Holdings Channel reports. The firm owned 60,645 shares of the company’s stock after acquiring an additional 4,233 shares during the quarter. Bank of New York Mellon Corp’s holdings in Toyota Motor were worth $12,498,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TM. International Assets Investment Management LLC bought a new position in Toyota Motor during the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC raised its holdings in shares of Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of 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 acquiring an additional 142 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Toyota Motor by 10,000.0% in the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in shares of Toyota Motor in the third quarter valued at $49,000. 1.48% of the stock is currently owned by institutional investors.
Toyota Motor Price Performance
Toyota Motor stock opened at $189.35 on Friday. The stock has a market cap of $246.79 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58. The firm has a 50-day moving average of $178.33 and a two-hundred day moving average of $203.02. Toyota Motor Corporation has a 1 year low of $166.10 and a 1 year high of $248.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12.
Wall Street Analyst Weigh In
A number of equities analysts have commented on TM shares. Morgan Stanley started 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 downgraded shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Friday, July 17th. Finally, Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toyota Motor presently has an average rating of “Moderate Buy” and a consensus price target of $290.00.
View Our Latest Analysis on Toyota Motor
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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