Ovata Capital Management Ltd Takes $964,000 Position in Toyota Motor Corporation $TM

Ovata Capital Management Ltd bought a new stake in Toyota Motor Corporation (NYSE:TM) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,500 shares of the company’s stock, valued at approximately $964,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC grew its position in Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 73 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares during the period. Larson Financial Group LLC raised its position in shares of Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after acquiring an additional 142 shares during the period. Activest Wealth Management boosted its stake in shares of Toyota Motor by 10,000.0% during the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after acquiring an additional 200 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in shares of Toyota Motor during the 3rd quarter worth about $49,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Up 0.1%

TM opened at $174.03 on Friday. The company has a market cap of $226.82 billion, a PE ratio of 8.89 and a beta of 0.56. Toyota Motor Corporation has a twelve month low of $167.18 and a twelve month high of $248.90. The company has a 50-day moving average price of $190.19 and a 200 day moving average price of $210.05. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The company had revenue of $76.81 billion for the quarter. Sell-side analysts expect that Toyota Motor Corporation will post 21.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TM has been the subject of several recent analyst reports. Morgan Stanley started coverage on Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Zacks Research lowered Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Company Profile

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.