Altrius Capital Management Inc Boosts Holdings in Toyota Motor Corporation (NYSE:TM)

Altrius Capital Management Inc grew its stake in shares of Toyota Motor Corporation (NYSE:TM) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,874 shares of the company’s stock after acquiring an additional 704 shares during the quarter. Toyota Motor comprises about 1.9% of Altrius Capital Management Inc’s holdings, making the stock its 20th largest position. Altrius Capital Management Inc’s holdings in Toyota Motor were worth $7,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nilsine Partners LLC increased its stake in shares of Toyota Motor by 5.8% during the 1st quarter. Nilsine Partners LLC now owns 1,597 shares of the company’s stock valued at $282,000 after acquiring an additional 88 shares during the last quarter. Norway Savings Bank increased its stake in shares of Toyota Motor by 18.2% during the 1st quarter. Norway Savings Bank now owns 1,458 shares of the company’s stock valued at $257,000 after acquiring an additional 225 shares during the last quarter. Abundance Wealth Counselors increased its stake in shares of Toyota Motor by 7.2% during the 1st quarter. Abundance Wealth Counselors now owns 3,043 shares of the company’s stock valued at $537,000 after acquiring an additional 204 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Toyota Motor by 8.3% during the 1st quarter. Blue Trust Inc. now owns 4,848 shares of the company’s stock valued at $856,000 after acquiring an additional 370 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of Toyota Motor during the 1st quarter valued at about $47,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Stock Down 2.1%

TM opened at $171.94 on Friday. The firm has a 50 day moving average price of $184.21 and a 200 day moving average price of $183.40. The company has a market cap of $231.68 billion, a PE ratio of 7.60 and a beta of 0.65. Toyota Motor Corporation has a 1 year low of $155.00 and a 1 year high of $208.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.26.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.47. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. The firm had revenue of $81.09 billion during the quarter, compared to analysts’ expectations of $78.47 billion. Sell-side analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a research report on Monday, April 14th. They set a “market perform” rating for the company. DZ Bank downgraded shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.