Prime Capital Investment Advisors LLC Increases Holdings in Toyota Motor Corporation $TM
by Mitch Edgeman · The Markets DailyPrime Capital Investment Advisors LLC increased its holdings in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 224.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,990 shares of the company’s stock after purchasing an additional 5,527 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Toyota Motor were worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in TM. Connor Clark & Lunn Investment Management Ltd. boosted its position in Toyota Motor by 204.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after purchasing an additional 172,829 shares during the period. Orion Porfolio Solutions LLC boosted its position in Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after purchasing an additional 128,128 shares during the period. Clark Capital Management Group Inc. boosted its position in Toyota Motor by 46.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock worth $63,142,000 after purchasing an additional 104,471 shares during the period. Franklin Resources Inc. boosted its position in Toyota Motor by 1,509.1% during the 3rd quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after purchasing an additional 94,305 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in Toyota Motor by 118.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 152,471 shares of the company’s stock valued at $26,265,000 after buying an additional 82,617 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TM has been the subject of a number of analyst reports. Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. BNP Paribas Exane initiated coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective for the company. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.
View Our Latest Stock Report on TM
Toyota Motor Stock Performance
Shares of Toyota Motor stock opened at $210.68 on Friday. The firm has a market cap of $274.58 billion, a PE ratio of 11.11 and a beta of 0.66. The firm’s 50-day simple moving average is $224.69 and its 200-day simple moving average is $213.51. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. Toyota Motor Corporation has a 1 year low of $165.86 and a 1 year high of $248.90.
Toyota Motor (NYSE:TM – Get Free Report) last issued its earnings results on Saturday, February 7th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. The business 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%. Equities analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.
About Toyota Motor
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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