Amanah Holdings Trust Acquires New Holdings in Toyota Motor Corporation $TM

Amanah Holdings Trust purchased a new stake in shares of Toyota Motor Corporation (NYSE:TM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 37,000 shares of the company’s stock, valued at approximately $7,920,000. Toyota Motor comprises approximately 1.2% of Amanah Holdings Trust’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors also recently modified their holdings of TM. Fisher Asset Management LLC grew its position in shares of Toyota Motor by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock valued at $1,497,494,000 after purchasing an additional 86,474 shares during the last quarter. Morgan Stanley lifted its position in shares of Toyota Motor by 13.0% during the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after purchasing an additional 279,110 shares during the last quarter. Bank of America Corp DE boosted its stake in Toyota Motor by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after purchasing an additional 67,943 shares during the period. Northern Trust Corp boosted its stake in Toyota Motor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after purchasing an additional 36,207 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after purchasing an additional 66,695 shares during the period. Institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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. Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Zacks Research downgraded shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Morgan Stanley initiated coverage on shares of Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Performance

NYSE:TM opened at $174.03 on Friday. The stock has a market capitalization of $226.82 billion, a P/E ratio of 8.89 and a beta of 0.56. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 1 year low of $167.18 and a 1 year high of $248.90. The firm has a 50 day moving average of $191.01 and a 200-day moving average of $210.30.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The company had revenue of $76.81 billion for the quarter. As a group, sell-side analysts anticipate that Toyota Motor Corporation will post 21.06 EPS 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.