Live Oak Private Wealth LLC Purchases Shares of 36,105 Toyota Motor Corporation $TM

Live Oak Private Wealth LLC purchased a new position in Toyota Motor Corporation (NYSE:TM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 36,105 shares of the company’s stock, valued at approximately $6,081,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Community Bank & Trust Waco Texas increased its holdings in shares of Toyota Motor by 0.9% in the second quarter. Community Bank & Trust Waco Texas now owns 6,841 shares of the company’s stock worth $1,152,000 after purchasing an additional 58 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Toyota Motor by 3.0% during the second quarter. Wedbush Securities Inc. now owns 1,878 shares of the company’s stock valued at $316,000 after buying an additional 54 shares during the last quarter. First Bancorp Inc ME bought a new position in Toyota Motor during the second quarter valued at approximately $153,000. Trust Co. of Vermont purchased a new position in Toyota Motor during the 2nd quarter valued at approximately $33,000. Finally, Alliance Private Wealth LLC increased its stake in Toyota Motor by 19.5% in the 2nd quarter. Alliance Private Wealth LLC now owns 11,905 shares of the company’s stock worth $2,005,000 after acquiring an additional 1,940 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Up 0.9%

TM opened at $198.31 on Wednesday. The firm has a market cap of $258.47 billion, a P/E ratio of 8.74, a P/E/G ratio of 1.31 and a beta of 0.57. Toyota Motor Corporation has a 12 month low of $166.10 and a 12 month high of $248.90. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $183.50 and a 200 day moving average of $196.65.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The business had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. As a group, research analysts forecast that Toyota Motor Corporation will post 20.08 EPS for the current year.

Insider Buying and Selling at Toyota Motor

In related news, President Kenta Kon bought 85,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at $2,726,521. This trade represents a 134.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

TM has been the topic of several recent research reports. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.