Moran Wealth Management LLC Acquires 6,086 Shares of Toyota Motor Corporation $TM

Moran Wealth Management LLC lifted its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 19.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 36,699 shares of the company’s stock after purchasing an additional 6,086 shares during the period. Moran Wealth Management LLC’s holdings in Toyota Motor were worth $7,563,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after buying an additional 476 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Toyota Motor by 57.9% in the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after acquiring an additional 4,223 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares during the period. Marshall Wace LLP purchased a new stake in Toyota Motor during the 2nd quarter valued at about $864,000. Finally, Brown Advisory Inc. grew its position in Toyota Motor by 17.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock worth $263,000 after acquiring an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research cut Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Morgan Stanley started coverage on shares of Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 0.0%

Shares of NYSE:TM opened at $174.53 on Friday. Toyota Motor Corporation has a 1 year low of $166.10 and a 1 year high of $248.90. The company has a market cap of $227.47 billion, a PE ratio of 8.91 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The stock’s 50-day moving average is $182.06 and its 200 day moving average is $208.02.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Sell-side analysts anticipate that Toyota Motor Corporation will post 20.8 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.