Park Avenue Securities LLC Grows Position in Toyota Motor Corporation $TM

Park Avenue Securities LLC grew its position in Toyota Motor Corporation (NYSE:TM) by 15.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,956 shares of the company’s stock after acquiring an additional 2,933 shares during the quarter. Park Avenue Securities LLC’s holdings in Toyota Motor were worth $4,700,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its position in Toyota Motor by 1.2% during the 3rd quarter. Fisher Asset Management LLC now owns 6,909,198 shares of the company’s stock worth $1,320,279,000 after purchasing an additional 81,564 shares in the last quarter. Bank of America Corp DE lifted its position in Toyota Motor by 4.9% during the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after buying an additional 67,943 shares in the last quarter. Northern Trust Corp lifted its position in Toyota Motor by 3.6% during the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after buying an additional 36,207 shares in the last quarter. Natixis Advisors LLC grew its stake in Toyota Motor by 8.5% during the third quarter. Natixis Advisors LLC now owns 465,639 shares of the company’s stock worth $88,979,000 after buying an additional 36,381 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Toyota Motor by 1.2% in the third quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock worth $77,819,000 after acquiring an additional 4,689 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Down 1.9%

Shares of NYSE:TM opened at $204.96 on Friday. The company has a market capitalization of $267.13 billion, a price-to-earnings ratio of 10.80 and a beta of 0.60. The company has a 50 day moving average of $230.17 and a two-hundred day moving average of $212.52. Toyota Motor Corporation has a 52-week low of $155.00 and a 52-week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective on the stock. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Toyota Motor has an average rating of “Moderate Buy” and an average target price 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.