Fisher Asset Management LLC Increases Stock Position in Toyota Motor Corporation $TM

Fisher Asset Management LLC raised its position in shares of Toyota Motor Corporation (NYSE:TM) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,995,672 shares of the company’s stock after buying an additional 86,474 shares during the period. Fisher Asset Management LLC’s holdings in Toyota Motor were worth $1,497,494,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Toyota Motor during the 3rd quarter valued at $26,000. Highline Wealth Partners LLC boosted its position in Toyota Motor by 92.4% during the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 73 shares during the period. Cornerstone Planning Group LLC boosted its position in Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after buying an additional 48 shares during the period. Larson Financial Group LLC raised its holdings in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in Toyota Motor by 10,000.0% in the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Down 0.0%

Shares of Toyota Motor stock opened at $189.07 on Monday. 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 company has a 50-day moving average of $201.66 and a 200 day moving average of $213.03. The firm has a market cap of $246.43 billion, a price-to-earnings ratio of 9.66 and a beta of 0.58. Toyota Motor Corporation has a 1 year low of $167.18 and a 1 year high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts anticipate that Toyota Motor Corporation will post 21.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

TM has been the subject of several research reports. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Morgan Stanley initiated coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Zacks Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.00.

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.