Sequoia Financial Advisors LLC raised its position in shares of Toyota Motor Co. (NYSE:TM – Get Rating) by 14.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,290 shares of the company's stock after purchasing an additional 550 shares during the period. Sequoia Financial Advisors LLC's holdings in Toyota Motor were worth $661,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TM. Bank of New Hampshire raised its stake in shares of Toyota Motor by 906.3% during the 2nd quarter. Bank of New Hampshire now owns 161 shares of the company's stock worth $25,000 after purchasing an additional 145 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Toyota Motor in the 4th quarter valued at approximately $26,000. Adirondack Trust Co. raised its stake in shares of Toyota Motor by 75.0% in the 2nd quarter. Adirondack Trust Co. now owns 175 shares of the company's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Financial Management Professionals Inc. raised its stake in shares of Toyota Motor by 170.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 243 shares of the company's stock valued at $37,000 after acquiring an additional 153 shares in the last quarter. Finally, Exane Derivatives bought a new position in shares of Toyota Motor in the 1st quarter valued at approximately $38,000. 1.36% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analyst Weigh In
A number of brokerages recently weighed in on TM. Jefferies Financial Group raised their price objective on Toyota Motor from $177.49 to $179.41 and gave the company a "hold" rating in a research note on Thursday, July 7th. Macquarie downgraded Toyota Motor from an "outperform" rating to a "neutral" rating in a research note on Friday, July 15th. StockNews.com downgraded Toyota Motor from a "buy" rating to a "hold" rating in a research note on Friday, August 12th. Finally, UBS Group cut their price objective on Toyota Motor from 2,500.00 to 2,300.00 in a research note on Wednesday, July 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,239.71.
Toyota Motor Stock Performance
Shares of NYSE TM opened at $139.85 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.10 and a debt-to-equity ratio of 0.60. The business's 50 day moving average is $149.22 and its two-hundred day moving average is $159.30. The company has a market cap of $195.51 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.06 and a beta of 0.58. Toyota Motor Co. has a 12 month low of $130.07 and a 12 month high of $213.74.
Toyota Motor (NYSE:TM – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.77 by $0.37. The company had revenue of $65.54 billion for the quarter, compared to the consensus estimate of $63.65 billion. Toyota Motor had a return on equity of 9.98% and a net margin of 8.42%. On average, equities analysts expect that Toyota Motor Co. will post 16.19 EPS for the current year.
Toyota Motor Company Profile
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Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.
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