Gateway Wealth Partners LLC Acquires Shares of 3,530 Toyota Motor Corporation $TM

Gateway Wealth Partners LLC acquired a new position in shares of Toyota Motor Corporation (NYSE:TM) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,530 shares of the company’s stock, valued at approximately $728,000.

A number of other large investors have also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Toyota Motor by 418.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Highline Wealth Partners LLC increased its holdings in shares of Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares during the period. International Assets Investment Management LLC bought a new stake in Toyota Motor in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC lifted its position in Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Up 3.5%

Toyota Motor stock opened at $192.91 on Thursday. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The stock has a market cap of $251.43 billion, a price-to-earnings ratio of 9.85 and a beta of 0.58. The company’s 50-day moving average price is $178.28 and its two-hundred day moving average price is $203.33. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, analysts expect that Toyota Motor Corporation will post 20.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TM. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Friday, July 17th. Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley started coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Toyota Motor has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor 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.