Gabelli Funds LLC Raises Holdings in Toyota Motor Co. (NYSE:TM)

Gabelli Funds LLC raised its stake in shares of Toyota Motor Co. (NYSE:TM) by 37.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,235 shares of the company’s stock after purchasing an additional 3,050 shares during the period. Gabelli Funds LLC’s holdings in Toyota Motor were worth $2,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in shares of Toyota Motor by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company’s stock worth $1,341,254,000 after buying an additional 129,560 shares in the last quarter. FMR LLC lifted its stake in Toyota Motor by 14.3% in the fourth quarter. FMR LLC now owns 563,437 shares of the company’s stock valued at $109,651,000 after buying an additional 70,644 shares during the last quarter. Natixis Advisors LLC grew its position in Toyota Motor by 9.5% during the 4th quarter. Natixis Advisors LLC now owns 393,002 shares of the company’s stock worth $76,482,000 after purchasing an additional 34,110 shares during the last quarter. American Century Companies Inc. increased its position in Toyota Motor by 6.2% in the 4th quarter. American Century Companies Inc. now owns 234,779 shares of the company’s stock valued at $45,690,000 after acquiring an additional 13,805 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Toyota Motor during the fourth quarter worth approximately $26,203,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TM. CLSA downgraded shares of Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Sanford C. Bernstein initiated coverage on shares of Toyota Motor in a research report on Monday, April 14th. They set a “market perform” rating on the stock. Macquarie upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Toyota Motor Stock Performance

NYSE:TM opened at $176.44 on Friday. Toyota Motor Co. has a twelve month low of $155.00 and a twelve month high of $235.68. The company has a market capitalization of $237.74 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.35 and a beta of 0.64. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $180.15 and a two-hundred day moving average price of $179.78.

Toyota Motor (NYSE:TM) last posted its earnings results 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%. As a group, research analysts expect that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Toyota Motor Company Profile

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.