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

QRG Capital Management Inc. boosted its stake in Toyota Motor Corporation (NYSE:TM) by 20.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,844 shares of the company’s stock after buying an additional 12,975 shares during the quarter. QRG Capital Management Inc.’s holdings in Toyota Motor were worth $15,837,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in Toyota Motor by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock worth $1,497,494,000 after buying an additional 86,474 shares in the last quarter. Morgan Stanley lifted its position in shares of Toyota Motor by 13.0% in the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after acquiring an additional 279,110 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Toyota Motor by 4.9% in the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after acquiring an additional 67,943 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Toyota Motor by 3.6% during the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after acquiring an additional 36,207 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Toyota Motor by 14.3% during the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after acquiring an additional 66,695 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

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

Toyota Motor Price Performance

Shares of NYSE:TM opened at $174.53 on Friday. The company has a market cap of $227.47 billion, a P/E ratio of 8.91 and a beta of 0.58. 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 Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The business has a fifty day simple moving average of $182.06 and a 200-day simple moving average of $208.02.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The firm had revenue of $76.81 billion during the quarter. Equities research analysts forecast that Toyota Motor Corporation will post 20.8 EPS for the current year.

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.