AlphaCore Capital LLC Has $953,000 Stock Holdings in Toyota Motor Corporation $TM

AlphaCore Capital LLC increased its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 481.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,985 shares of the company’s stock after acquiring an additional 4,127 shares during the period. AlphaCore Capital LLC’s holdings in Toyota Motor were worth $953,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TM. Wilmington Savings Fund Society FSB boosted its holdings in shares of Toyota Motor by 5.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock worth $195,000 after buying an additional 50 shares in the last quarter. MGO One Seven LLC lifted its position in shares of Toyota Motor by 3.8% during the 3rd quarter. MGO One Seven LLC now owns 1,444 shares of the company’s stock valued at $276,000 after acquiring an additional 53 shares during the period. Lodestone Wealth Management LLC boosted its stake in Toyota Motor by 2.3% during the third quarter. Lodestone Wealth Management LLC now owns 2,590 shares of the company’s stock worth $495,000 after acquiring an additional 57 shares in the last quarter. Bangor Savings Bank boosted its stake in Toyota Motor by 27.8% during the third quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after acquiring an additional 58 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its holdings in Toyota Motor by 2.9% in the third quarter. Argonautica Private Wealth Management Inc. now owns 2,136 shares of the company’s stock worth $408,000 after purchasing an additional 60 shares during the period. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Stock Performance

Shares of TM stock opened at $242.32 on Friday. The firm has a 50-day moving average of $229.31 and a 200-day moving average of $210.03. The company has a market cap of $315.82 billion, a P/E ratio of 12.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. Toyota Motor Corporation has a one year low of $155.00 and a one year high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The business had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. Equities research analysts forecast that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TM. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. BNP Paribas Exane assumed coverage on Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Wall Street Zen lowered Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Toyota Motor currently has a consensus rating of “Hold” 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.