Weaver Capital Management LLC Makes New Investment in Toyota Motor Corporation $TM

Weaver Capital Management LLC bought a new position in shares of Toyota Motor Corporation (NYSE:TM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 5,490 shares of the company’s stock, valued at approximately $1,175,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TM. Brighton Jones LLC boosted its stake in Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after purchasing an additional 476 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Toyota Motor by 57.9% during the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock worth $2,032,000 after acquiring an additional 4,223 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Toyota Motor by 18.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,849 shares of the company’s stock worth $1,869,000 after acquiring an additional 1,716 shares during the period. First Trust Advisors LP raised its holdings in shares of Toyota Motor by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 236,359 shares of the company’s stock worth $40,715,000 after acquiring an additional 6,175 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock worth $490,000 after acquiring an additional 1,571 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

TM has been the topic of several analyst reports. Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. BNP Paribas Exane initiated coverage on Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Up 5.6%

Shares of TM opened at $215.08 on Thursday. The firm has a market cap of $280.32 billion, a P/E ratio of 11.34 and a beta of 0.66. Toyota Motor Corporation has a 12-month low of $160.00 and a 12-month high of $248.90. The company’s 50-day moving average price is $225.34 and its 200 day moving average price is $213.37. 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 issued its quarterly earnings data on Saturday, February 7th. The company reported $6.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $1.91. The firm had revenue of $76.37 billion for the quarter, compared to analyst estimates of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, sell-side analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share 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.