Gradient Investments LLC Raises Stake in Toyota Motor Corporation $TM

Gradient Investments LLC increased its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 49.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,812 shares of the company’s stock after purchasing an additional 2,921 shares during the quarter. Gradient Investments LLC’s holdings in Toyota Motor were worth $1,886,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TM. Root Financial Partners LLC purchased a new stake in Toyota Motor during the third quarter worth approximately $26,000. Palisade Asset Management LLC purchased a new position in shares of Toyota Motor in the 3rd quarter valued at $49,000. Bangor Savings Bank lifted its holdings in shares of Toyota Motor by 27.8% during the 3rd quarter. Bangor Savings Bank now owns 267 shares of the company’s stock valued at $51,000 after acquiring an additional 58 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock valued at $55,000 after acquiring an additional 164 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Toyota Motor during the 2nd quarter worth $53,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on TM. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. BNP Paribas Exane started coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Price Performance

Shares of TM stock opened at $210.45 on Tuesday. The firm has a fifty day simple moving average of $229.93 and a 200-day simple moving average of $212.74. The company has a market capitalization of $274.29 billion, a PE ratio of 11.09 and a beta of 0.60. Toyota Motor Corporation has a twelve month low of $155.00 and a twelve month high of $248.90. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The firm had revenue of $76.37 billion for the quarter, compared to the consensus estimate of $82 billion. Equities research analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

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.