Clark Capital Management Group Inc. Raises Holdings in Toyota Motor Corporation $TM

Clark Capital Management Group Inc. increased its stake in shares of Toyota Motor Corporation (NYSE:TM) by 46.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 330,433 shares of the company’s stock after purchasing an additional 104,471 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Toyota Motor were worth $63,142,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TM. Connor Clark & Lunn Investment Management Ltd. lifted its position in Toyota Motor by 204.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock valued at $49,162,000 after purchasing an additional 172,829 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Toyota Motor by 717.3% during the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after purchasing an additional 128,128 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Toyota Motor by 1.7% in the second quarter. Fisher Asset Management LLC now owns 6,827,634 shares of the company’s stock worth $1,176,128,000 after purchasing an additional 112,905 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Toyota Motor by 1,509.1% in the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after purchasing an additional 94,305 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Toyota Motor by 118.3% in the second quarter. Balyasny Asset Management L.P. now owns 152,471 shares of the company’s stock worth $26,265,000 after buying an additional 82,617 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TM shares. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. BNP Paribas Exane started coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective on the stock. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Toyota Motor has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Performance

Shares of TM stock opened at $210.75 on Friday. The firm has a market capitalization of $274.68 billion, a price-to-earnings ratio of 11.11 and a beta of 0.60. The stock has a fifty day moving average of $230.88 and a 200 day moving average of $212.01. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week 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.

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

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.