Captrust Financial Advisors Raises Holdings in Toyota Motor Corporation $TM

Captrust Financial Advisors grew its holdings in Toyota Motor Corporation (NYSE:TM) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,239 shares of the company’s stock after buying an additional 4,689 shares during the quarter. Captrust Financial Advisors’ holdings in Toyota Motor were worth $77,819,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TM. Root Financial Partners LLC purchased a new position in Toyota Motor in the third quarter worth $26,000. Palisade Asset Management LLC purchased a new stake in shares of Toyota Motor during the 3rd quarter worth $49,000. Bangor Savings Bank boosted its position in shares of Toyota Motor by 27.8% during the 3rd quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after purchasing an additional 58 shares in the last quarter. Richardson Financial Services Inc. grew its stake in shares of Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after purchasing an additional 164 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Toyota Motor during the 2nd quarter worth $53,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TM has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective for the company. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Down 1.9%

Shares of NYSE:TM opened at $209.05 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $272.47 billion, a P/E ratio of 11.02 and a beta of 0.60. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $248.90. The stock’s fifty day simple moving average is $230.62 and its 200-day simple moving average is $212.33.

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

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.