Quantinno Capital Management LP boosted its holdings in Toyota Motor Corporation (NYSE:TM – Free Report) by 28.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 157,114 shares of the company’s stock after purchasing an additional 35,025 shares during the quarter. Quantinno Capital Management LP’s holdings in Toyota Motor were worth $32,380,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. DeDora Capital Inc. lifted its holdings in Toyota Motor by 2.1% during the 4th quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock worth $458,000 after buying an additional 45 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Toyota Motor by 3.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after acquiring an additional 45 shares in the last quarter. Independence Bank of Kentucky increased its holdings in shares of Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after acquiring an additional 46 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings 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 valued at $38,000 after acquiring an additional 48 shares during the last quarter. Finally, J2 Capital Management Inc raised its position in shares of Toyota Motor by 2.4% during the 4th quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock worth $455,000 after acquiring an additional 50 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TM has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Friday, July 17th. Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Morgan Stanley initiated coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $290.00.
Toyota Motor Trading Down 1.1%
TM opened at $189.35 on Friday. The firm 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. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The business’s 50 day moving average is $178.33 and its two-hundred day moving average is $203.02. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62.
Toyota Motor (NYSE:TM – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. On average, research analysts predict that Toyota Motor Corporation will post 20.05 EPS for the current year.
Toyota Motor 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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