Range Financial Group LLC Makes New $641,000 Investment in Toyota Motor Corporation $TM

Range Financial Group LLC bought a new position in shares of Toyota Motor Corporation (NYSE:TM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,499 shares of the company’s stock, valued at approximately $641,000.

A number of other large investors have also bought and sold shares of TM. Royal Bank of Canada increased its stake in Toyota Motor by 19.0% in the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after purchasing an additional 37,893 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Toyota Motor by 1.3% during the 1st quarter. First Trust Advisors LP now owns 177,609 shares of the company’s stock worth $36,603,000 after purchasing an additional 2,304 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Toyota Motor by 28.7% during the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock worth $32,380,000 after purchasing an additional 35,025 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Toyota Motor by 20.3% during the 1st quarter. QRG Capital Management Inc. now owns 76,844 shares of the company’s stock worth $15,837,000 after purchasing an additional 12,975 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Toyota Motor by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 71,628 shares of the company’s stock valued at $14,762,000 after buying an additional 2,042 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Price Performance

Shares of TM opened at $196.83 on Wednesday. The business’s fifty day moving average is $191.20 and its 200 day moving average is $188.27. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market cap of $256.54 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.28 and a beta of 0.61.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. The business had revenue of $83.16 billion during the quarter. Sell-side analysts anticipate that Toyota Motor Corporation will post 20.30 earnings per share for the current fiscal year.

Insider Activity

In other Toyota Motor news, President Kenta Kon acquired 85,000 shares of Toyota Motor stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the completion of the acquisition, the president directly owned 148,100 shares of the company’s stock, valued at $2,726,521. This represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

TM has been the subject of a number of research analyst reports. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings raised Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $290.00.

Toyota Motor Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.