Legacy Financial Advisors Inc. Makes New $1.01 Million Investment in Toyota Motor Corporation $TM

Legacy Financial Advisors Inc. bought a new stake in Toyota Motor Corporation (NYSE:TM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,268 shares of the company’s stock, valued at approximately $1,007,000.

Several other institutional investors and hedge funds have also modified their holdings of TM. OneDigital Investment Advisors LLC acquired a new stake in Toyota Motor during the 3rd quarter valued at $204,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Toyota Motor in the 3rd quarter valued at about $306,000. Bridgewater Advisors Inc. raised its stake in shares of Toyota Motor by 6.3% in the third quarter. Bridgewater Advisors Inc. now owns 3,484 shares of the company’s stock worth $707,000 after acquiring an additional 208 shares during the last quarter. Factory Mutual Insurance Co. bought a new position in shares of Toyota Motor in the third quarter worth about $5,102,000. Finally, Beverly Hills Private Wealth LLC lifted its position in shares of Toyota Motor by 40.7% during the third quarter. Beverly Hills Private Wealth LLC now owns 1,833 shares of the company’s stock worth $350,000 after purchasing an additional 530 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TM. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane assumed coverage on Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $290.00.

Toyota Motor Stock Performance

TM stock opened at $237.90 on Tuesday. Toyota Motor Corporation has a twelve month low of $155.00 and a twelve month high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The company has a market cap of $320.55 billion, a P/E ratio of 12.54 and a beta of 0.62. The business’s fifty day moving average is $227.30 and its 200-day moving average is $208.85.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Friday, February 6th. The company reported $6.26 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The business had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Equities research analysts forecast that Toyota Motor Corporation will post 19.76 EPS for the current year.

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.