Gateway Wealth Partners LLC Buys New Position in Toyota Motor Corporation $TM

Gateway Wealth Partners LLC bought a new position in shares of Toyota Motor Corporation (NYSE:TM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,530 shares of the company’s stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC lifted its stake in Toyota Motor by 224.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock valued at $1,710,000 after purchasing an additional 5,527 shares during the last quarter. Natixis Advisors LLC grew its position in Toyota Motor by 14.3% in the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after buying an additional 66,695 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Toyota Motor in the fourth quarter valued at $1,651,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Toyota Motor by 35.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 35,340 shares of the company’s stock valued at $7,565,000 after buying an additional 9,222 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Toyota Motor by 51.6% during the 4th quarter. Ritholtz Wealth Management now owns 17,977 shares of the company’s stock valued at $3,848,000 after acquiring an additional 6,116 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Price Performance

TM opened at $192.91 on Thursday. The stock has a fifty day moving average of $178.28 and a 200-day moving average of $203.33. The firm has a market capitalization of $251.43 billion, a P/E ratio of 9.85 and a beta of 0.58. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. 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 (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The business had revenue of $76.81 billion for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Equities analysts forecast that Toyota Motor Corporation will post 20.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TM. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Friday, July 17th. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Morgan Stanley assumed coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor 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.