Collaborative Fund Advisors LLC Takes Position in Toyota Motor Corporation $TM

Collaborative Fund Advisors LLC purchased a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the 1st quarter, Holdings Channel reports. The fund purchased 9,500 shares of the company’s stock, valued at approximately $1,958,000. Toyota Motor comprises approximately 1.2% of Collaborative Fund Advisors LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its position in Toyota Motor by 17.7% in the 1st quarter. Kathmere Capital Management LLC now owns 2,858 shares of the company’s stock valued at $589,000 after acquiring an additional 430 shares in the last quarter. Abel Hall LLC increased its holdings in shares of Toyota Motor by 121.1% in the 1st quarter. Abel Hall LLC now owns 4,985 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,730 shares in the last quarter. DGS Capital Management LLC increased its holdings in shares of Toyota Motor by 37.2% in the 1st quarter. DGS Capital Management LLC now owns 2,334 shares of the company’s stock worth $481,000 after purchasing an additional 633 shares in the last quarter. Hardy Reed LLC raised its stake in shares of Toyota Motor by 14.2% in the first quarter. Hardy Reed LLC now owns 1,381 shares of the company’s stock worth $285,000 after purchasing an additional 172 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of Toyota Motor in the first quarter worth $284,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TM shares. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Morgan Stanley initiated coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Toyota Motor has a consensus rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Stock Performance

Shares of TM opened at $174.53 on Monday. The business has a 50-day simple moving average of $182.06 and a two-hundred day simple moving average of $207.97. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The stock has a market cap of $227.47 billion, a price-to-earnings ratio of 8.91 and a beta of 0.58.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The firm 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%. On average, analysts expect that Toyota Motor Corporation will post 20.8 EPS for the current 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.