Murphy Middleton Hinkle & Parker Inc. Invests $1.37 Million in Toyota Motor Corporation $TM

Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Toyota Motor Corporation (NYSE:TM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,998 shares of the company’s stock, valued at approximately $1,365,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new position in Toyota Motor in the third quarter worth $26,000. Palisade Asset Management LLC acquired a new stake in shares of Toyota Motor in the third quarter valued at $49,000. Bangor Savings Bank raised its holdings in shares of Toyota Motor by 27.8% in the third quarter. Bangor Savings Bank now owns 267 shares of the company’s stock valued at $51,000 after buying an additional 58 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Toyota Motor in the second quarter valued at about $53,000. Finally, Richardson Financial Services Inc. lifted its position in Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after buying an additional 164 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Stock Up 2.6%

Shares of NYSE TM opened at $210.45 on Tuesday. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $248.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. The stock has a market cap of $274.29 billion, a P/E ratio of 11.09 and a beta of 0.60. The firm has a 50 day moving average price of $229.93 and a 200 day moving average price of $212.74.

Toyota Motor (NYSE:TM) last posted its earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, topping the consensus estimate of $4.35 by $1.91. The company had revenue of $76.37 billion for the quarter, compared to analyst estimates of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. Analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, BNP Paribas Exane started coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.