Fmr LLC Buys 70,644 Shares of Toyota Motor Co. (NYSE:TM)

by · The Cerbat Gem

Fmr LLC grew its position in shares of Toyota Motor Co. (NYSE:TM – Free Report) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 563,437 shares of the company’s stock after acquiring an additional 70,644 shares during the quarter. Fmr LLC’s holdings in Toyota Motor were worth $109,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Toyota Motor during the fourth quarter worth about $1,167,000. Strategic Financial Concepts LLC bought a new position in shares of Toyota Motor during the 4th quarter worth approximately $2,140,000. SVB Wealth LLC purchased a new position in shares of Toyota Motor in the 4th quarter worth approximately $447,000. Atria Wealth Solutions Inc. grew its holdings in shares of Toyota Motor by 119.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,556 shares of the company’s stock valued at $498,000 after acquiring an additional 1,390 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Toyota Motor by 17.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company’s stock valued at $13,991,000 after acquiring an additional 10,576 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TM. Sanford C. Bernstein started coverage on Toyota Motor in a research note on Monday. They issued a “market perform” rating for the company. StockNews.com upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. CLSA lowered shares of Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Toyota Motor presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on TM

Toyota Motor Stock Performance

Shares of TM opened at $172.03 on Tuesday. Toyota Motor Co. has a 1 year low of $155.00 and a 1 year high of $246.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. The stock’s fifty day moving average price is $181.01 and its two-hundred day moving average price is $179.88. The firm has a market cap of $231.80 billion, a PE ratio of 7.10, a PEG ratio of 0.35 and a beta of 0.64.

Toyota Motor (NYSE:TM – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities research analysts forecast that Toyota Motor Co. will post 19.76 EPS for the current year.

Toyota Motor Profile

(Free Report)

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.

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