Oppenheimer Asset Management Inc. Has $7.57 Million Stake in Toyota Motor Corporation $TM

Oppenheimer Asset Management Inc. grew its position in Toyota Motor Corporation (NYSE:TMFree Report) by 35.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,340 shares of the company’s stock after purchasing an additional 9,222 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Toyota Motor were worth $7,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC grew its position in Toyota Motor by 1.2% during the third quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company’s stock worth $1,320,279,000 after buying an additional 81,564 shares in the last quarter. Bank of America Corp DE grew its position in Toyota Motor by 4.9% during the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after buying an additional 67,943 shares in the last quarter. Northern Trust Corp grew its position in Toyota Motor by 3.6% during the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after buying an additional 36,207 shares in the last quarter. Natixis Advisors LLC grew its position in Toyota Motor by 8.5% during the third quarter. Natixis Advisors LLC now owns 465,639 shares of the company’s stock worth $88,979,000 after buying an additional 36,381 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Toyota Motor by 1.2% during the third quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock worth $77,819,000 after buying an additional 4,689 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Stock Down 1.9%

Shares of NYSE:TM opened at $188.90 on Friday. The firm has a market cap of $246.19 billion, a P/E ratio of 9.96 and a beta of 0.58. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. Toyota Motor Corporation has a 12-month low of $167.18 and a 12-month high of $248.90. The business has a fifty day simple moving average of $213.98 and a 200 day simple moving average of $214.36.

Toyota Motor (NYSE:TMGet Free Report) last announced its earnings results on Saturday, February 7th. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $4.35 by $1.91. The company had revenue of $76.37 billion for the quarter, compared to analyst estimates of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%. Analysts predict that Toyota Motor Corporation will post 18 earnings per share for the current year.

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Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TM shares. Zacks Research raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. BNP Paribas Exane started coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Morgan Stanley started coverage on Toyota Motor in a research report on Friday. They set an “equal weight” rating on the stock. Finally, DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Get Our Latest Analysis on Toyota Motor

Toyota Motor Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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