Optimum Investment Advisors increased its holdings in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 57.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 550 shares of the company’s stock after buying an additional 200 shares during the quarter. Optimum Investment Advisors’ holdings in Toyota Motor were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Toyota Motor by 27.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,163 shares of the company’s stock valued at $1,424,000 after acquiring an additional 1,778 shares in the last quarter. DeDora Capital Inc. acquired a new stake in shares of Toyota Motor during the first quarter worth approximately $349,000. Bank of New York Mellon Corp grew its position in Toyota Motor by 10.8% during the first quarter. Bank of New York Mellon Corp now owns 53,998 shares of the company’s stock valued at $9,532,000 after purchasing an additional 5,262 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Toyota Motor by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 82,324 shares of the company’s stock valued at $14,533,000 after buying an additional 10,433 shares during the period. Finally, Bearing Point Capital LLC increased its stake in Toyota Motor by 11.5% in the 1st quarter. Bearing Point Capital LLC now owns 18,797 shares of the company’s stock valued at $3,318,000 after buying an additional 1,933 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.
Toyota Motor Stock Up 0.7%
TM stock opened at $205.52 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 1 year low of $155.00 and a 1 year high of $205.80. The company has a fifty day simple moving average of $197.35 and a 200 day simple moving average of $186.76. The firm has a market cap of $276.92 billion, a PE ratio of 9.91 and a beta of 0.62.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TM. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Friday. Sanford C. Bernstein raised Toyota Motor from a “market perform” rating to an “outperform” rating in a research report on Monday, August 18th. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.
Get Our Latest Research Report on TM
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.
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