3,430 Shares in Toyota Motor Corporation $TM Purchased by True North Advisors LLC

True North Advisors LLC bought a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the 1st quarter, HoldingsChannel.com reports. The fund bought 3,430 shares of the company’s stock, valued at approximately $707,000.

Other large investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC grew its position in Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after buying an additional 113 shares during the period. Assetmark Inc. raised its position in shares of Toyota Motor by 34.1% in the first quarter. Assetmark Inc. now owns 20,380 shares of the company’s stock worth $4,200,000 after acquiring an additional 5,187 shares during the period. Angeles Wealth Management LLC acquired a new position in shares of Toyota Motor in the first quarter worth about $207,000. Bessemer Group Inc. boosted its stake in shares of Toyota Motor by 25.8% during the 1st quarter. Bessemer Group Inc. now owns 639 shares of the company’s stock worth $132,000 after acquiring an additional 131 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Toyota Motor by 18.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,446 shares of the company’s stock worth $2,610,000 after acquiring an additional 1,921 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TM has been the topic of a number of analyst reports. Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Morgan Stanley assumed coverage on Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Toyota Motor presently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Down 1.1%

TM stock opened at $177.77 on Friday. The stock has a market capitalization of $231.69 billion, a P/E ratio of 9.08 and a beta of 0.58. The firm has a 50-day simple moving average of $179.11 and a 200-day simple moving average of $205.30. 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 Corporation has a 52 week low of $166.10 and a 52 week high of $248.90.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The firm had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. Equities analysts forecast that Toyota Motor Corporation will post 20.89 earnings per share for the current fiscal year.

Toyota Motor Company 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.