Toyota Motor Corporation $TM Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,844 shares of the company’s stock after purchasing an additional 12,975 shares during the period. QRG Capital Management Inc.’s holdings in Toyota Motor were worth $15,837,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TM. Highline Wealth Partners LLC boosted its stake in shares of Toyota Motor by 92.4% in 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 in the last quarter. Cornerstone Planning Group LLC raised its position in 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 in the last quarter. Larson Financial Group LLC raised its position in 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 in the last quarter. Activest Wealth Management lifted its holdings in Toyota Motor by 10,000.0% in the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares during the period. Finally, Palisade Asset Management LLC acquired a new stake in Toyota Motor in the third quarter valued at $49,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Down 0.0%

TM opened at $174.53 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The company has a market cap of $227.47 billion, a price-to-earnings ratio of 8.91 and a beta of 0.58. Toyota Motor Corporation has a one year low of $166.10 and a one year high of $248.90. The business’s fifty day moving average is $182.06 and its two-hundred day moving average is $208.02.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Analysts anticipate that Toyota Motor Corporation will post 20.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Toyota Motor

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.