Toyota Motor Corporation $TM Stock: Fisher Asset Management LLC Increases Holdings

Fisher Asset Management LLC raised its stake in Toyota Motor Corporation (NYSE:TM) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,296,591 shares of the company’s stock after buying an additional 94,468 shares during the quarter. Fisher Asset Management LLC owned about 0.56% of Toyota Motor worth $1,336,006,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Compass Financial Management LLC bought a new stake in shares of Toyota Motor during the second quarter worth $25,000. West Financial Advisors LLC acquired a new stake in shares of Toyota Motor during the third quarter worth $25,000. Physician Wealth Advisors Inc. raised its holdings in shares of Toyota Motor by 111.0% during the third quarter. Physician Wealth Advisors Inc. now owns 154 shares of the company’s stock worth $28,000 after acquiring an additional 81 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after acquiring an additional 113 shares during the period. Finally, Mather Group LLC. lifted its position in Toyota Motor by 156.2% in the 3rd quarter. Mather Group LLC. now owns 164 shares of the company’s stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 18th. Weiss Ratings upgraded Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Freedom Broker downgraded Toyota Motor from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Thursday. Finally, Zacks Research raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $260.00.

Toyota Motor Price Performance

NYSE:TM opened at $209.95 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.19. The stock’s 50-day simple moving average is $194.61 and its 200 day simple moving average is $198.34. The company has a market cap of $273.64 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.35 and a beta 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 earnings results on Thursday, November 5th. The company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.73. Toyota Motor had a return on equity of 10.83% and a net margin of 8.14%. The business had revenue of $87.97 billion for the quarter, compared to analyst estimates of $84.74 billion. As a group, sell-side analysts forecast that Toyota Motor Corporation will post 21.17 EPS for the current fiscal year.

About Toyota Motor

Toyota Motor Corporation is a Japanese automotive manufacturer founded in 1937 by Kiichiro Toyoda. The company designs, manufactures, and sells vehicles under the Toyota and Lexus brands, including passenger cars, SUVs, trucks, and commercial vehicles. Toyota offers vehicles with a range of powertrains, including conventional engines, hybrids, plug-in hybrids, battery-electric systems, and fuel-cell technology. Its other businesses include automotive financing and services related to mobility and vehicle ownership.