Toyota Motor Corporation (NYSE:TM) Shares Acquired by Asset Dedication LLC

Asset Dedication LLC lifted its stake in shares of Toyota Motor Corporation (NYSE:TM) by 54.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337 shares of the company’s stock after purchasing an additional 119 shares during the period. Asset Dedication LLC’s holdings in Toyota Motor were worth $59,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TM. Brighton Jones LLC raised its position in Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after purchasing an additional 476 shares during the period. Charles Schwab Investment Management Inc. raised its position in Toyota Motor by 17.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company’s stock valued at $13,991,000 after purchasing an additional 10,576 shares during the period. Farther Finance Advisors LLC raised its position in Toyota Motor by 14.8% in the fourth quarter. Farther Finance Advisors LLC now owns 1,149 shares of the company’s stock valued at $224,000 after purchasing an additional 148 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Toyota Motor by 16.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 30,465 shares of the company’s stock worth $5,929,000 after acquiring an additional 4,283 shares during the period. Finally, Choate Investment Advisors purchased a new stake in shares of Toyota Motor during the fourth quarter worth $321,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Stock Up 1.1%

Toyota Motor stock opened at $172.14 on Tuesday. Toyota Motor Corporation has a twelve month low of $155.00 and a twelve month high of $208.21. The stock’s fifty day simple moving average is $180.35 and its 200-day simple moving average is $182.57. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $231.94 billion, a P/E ratio of 7.61 and a beta of 0.61.

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

Wall Street Analyst Weigh In

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

Toyota Motor Profile

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.