4,251 Shares in Toyota Motor Corporation $TM Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc acquired a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,251 shares of the company’s stock, valued at approximately $910,000.

Several other large investors have also bought and sold shares of TM. Northwestern Mutual Wealth Management Co. raised its holdings in Toyota Motor by 3,027.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after buying an additional 244,684 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Toyota Motor by 204.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after buying an additional 172,829 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in Toyota Motor by 717.3% in the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after buying an additional 128,128 shares during the last quarter. Clark Capital Management Group Inc. grew its stake in shares of Toyota Motor by 46.2% in the third quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock worth $63,142,000 after acquiring an additional 104,471 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Toyota Motor by 1,509.1% in the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after acquiring an additional 94,305 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Up 0.9%

Shares of TM stock opened at $178.71 on Tuesday. The stock’s 50 day simple moving average is $195.91 and its 200 day simple moving average is $211.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. Toyota Motor Corporation has a twelve month low of $167.18 and a twelve month high of $248.90. The company has a market capitalization of $232.92 billion, a price-to-earnings ratio of 9.13 and a beta of 0.57.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The company had revenue of $76.81 billion for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. As a group, research analysts predict that Toyota Motor Corporation will post 21.66 EPS for the current year.

Wall Street Analyst Weigh In

TM has been the subject of a number of research analyst reports. BNP Paribas Exane started coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target for the company. Zacks Research downgraded shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. 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, Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.