Frank Rimerman Advisors LLC Has $1.64 Million Holdings in Toyota Motor Corporation $TM

Frank Rimerman Advisors LLC boosted its stake in Toyota Motor Corporation (NYSE:TM) by 152.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,652 shares of the company’s stock after buying an additional 4,618 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Toyota Motor were worth $1,638,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Toyota Motor by 204.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after acquiring an additional 172,829 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Toyota Motor by 717.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after purchasing an additional 128,128 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of Toyota Motor by 46.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock worth $63,142,000 after purchasing an additional 104,471 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Toyota Motor by 1,509.1% in the 3rd quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after purchasing an additional 94,305 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Toyota Motor by 118.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 152,471 shares of the company’s stock worth $26,265,000 after purchasing an additional 82,617 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TM. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. BNP Paribas Exane initiated coverage on shares of Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective for the company. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. One research 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. According to data from MarketBeat.com, Toyota Motor presently has a consensus rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Price Performance

Shares of TM stock opened at $205.98 on Wednesday. Toyota Motor Corporation has a 1 year low of $155.00 and a 1 year high of $248.90. The firm’s 50 day moving average is $227.39 and its 200-day moving average is $213.11. The firm has a market capitalization of $268.46 billion, a price-to-earnings ratio of 10.86 and a beta of 0.60. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63.

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

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.