First Republic Investment Management Inc. boosted its stake in shares of Toyota Motor Corp (NYSE:TM) by 37.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,966 shares of the company’s stock after purchasing an additional 1,075 shares during the period. First Republic Investment Management Inc.’s holdings in Toyota Motor were worth $492,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Martin Investment Management LLC raised its position in Toyota Motor by 23.7% in the second quarter. Martin Investment Management LLC now owns 102,738 shares of the company’s stock worth $12,738,000 after acquiring an additional 19,663 shares during the period. Mid Atlantic Financial Management Inc. ADV increased its stake in shares of Toyota Motor by 23.7% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,268 shares of the company’s stock worth $281,000 after purchasing an additional 435 shares in the last quarter. Lester Murray Antman dba SimplyRich purchased a new stake in shares of Toyota Motor in the second quarter worth $1,062,000. Gabelli Funds LLC increased its stake in shares of Toyota Motor by 1.7% in the second quarter. Gabelli Funds LLC now owns 6,000 shares of the company’s stock worth $744,000 after purchasing an additional 100 shares in the last quarter. Finally, Institute for Wealth Management LLC. purchased a new position in Toyota Motor during the second quarter valued at $334,000. Institutional investors own 0.79% of the company’s stock.
TM has been the subject of several research analyst reports. Morgan Stanley cut shares of Toyota Motor from an “equal” rating to an “underweight” rating in a research note on Thursday, September 5th. Zacks Investment Research lowered shares of Toyota Motor from a “hold” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Toyota Motor has a consensus rating of “Hold” and a consensus target price of $140.00.
NYSE TM traded up $0.87 on Friday, hitting $136.66. 194,977 shares of the company’s stock traded hands, compared to its average volume of 145,233. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $130.19 and its two-hundred day moving average price is $124.29. Toyota Motor Corp has a 1-year low of $111.12 and a 1-year high of $137.18. The firm has a market capitalization of $196.31 billion, a PE ratio of 11.66, a P/E/G ratio of 1.03 and a beta of 0.72.
Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Friday, August 2nd. The company reported $4.32 EPS for the quarter, topping the consensus estimate of $3.89 by $0.43. Toyota Motor had a net margin of 6.28% and a return on equity of 9.54%. The company had revenue of $69.57 billion during the quarter, compared to analyst estimates of $67.96 billion. On average, research analysts anticipate that Toyota Motor Corp will post 14.85 earnings per share for the current fiscal year.
Toyota Motor Company Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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