Ovata Capital Management Ltd Acquires New Shares in Toyota Motor Corporation $TM

Ovata Capital Management Ltd acquired a new stake in Toyota Motor Corporation (NYSE:TM) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $964,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in Toyota Motor by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock worth $1,497,494,000 after purchasing an additional 86,474 shares in the last quarter. Bank of America Corp DE raised its holdings in Toyota Motor by 4.9% in the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after purchasing an additional 67,943 shares in the last quarter. Northern Trust Corp raised its holdings in Toyota Motor by 3.6% in the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after purchasing an additional 36,207 shares in the last quarter. Natixis Advisors LLC raised its holdings in Toyota Motor by 14.3% in the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after purchasing an additional 66,695 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Toyota Motor by 1.2% in the third quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock worth $77,819,000 after purchasing an additional 4,689 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Stock Performance

TM opened at $179.63 on Friday. Toyota Motor Corporation has a 52-week low of $167.18 and a 52-week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The company has a market cap of $234.12 billion, a P/E ratio of 9.17 and a beta of 0.57. The firm’s 50-day moving average price is $197.21 and its 200-day moving average price is $211.91.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion for the quarter. As a group, equities analysts anticipate that Toyota Motor Corporation will post 21.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley assumed coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. BNP Paribas Exane assumed coverage on shares of Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. Zacks Research downgraded shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

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.