Northwestern Mutual Wealth Management Co. Raises Stock Holdings in Toyota Motor Corporation $TM

Northwestern Mutual Wealth Management Co. increased its position in Toyota Motor Corporation (NYSE:TM) by 3,027.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,765 shares of the company’s stock after acquiring an additional 244,684 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Toyota Motor were worth $54,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Toyota Motor during the 3rd quarter worth about $26,000. Highline Wealth Partners LLC grew 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 worth $33,000 after purchasing an additional 73 shares during the period. Cornerstone Planning Group LLC grew 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 worth $38,000 after purchasing an additional 48 shares during the period. Activest Wealth Management grew its position in Toyota Motor by 10,000.0% during the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the period. Finally, Palisade Asset Management LLC acquired a new stake in Toyota Motor during the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

NYSE:TM opened at $190.83 on Monday. Toyota Motor Corporation has a 52 week low of $167.18 and a 52 week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $248.72 billion, a PE ratio of 9.75 and a beta of 0.58. The stock’s 50-day moving average price is $204.87 and its 200-day moving average price is $213.69.

Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The firm had revenue of $76.81 billion for the quarter. As a group, equities analysts expect that Toyota Motor Corporation will post 16.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TM has been the topic of several analyst reports. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley initiated coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. BNP Paribas Exane initiated coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Toyota Motor currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

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.