Assetmark Inc. Grows Position in Toyota Motor Corporation $TM

Assetmark Inc. raised its holdings in Toyota Motor Corporation (NYSE:TM) by 34.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,380 shares of the company’s stock after acquiring an additional 5,187 shares during the period. Assetmark Inc.’s holdings in Toyota Motor were worth $4,200,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TM. Highline Wealth Partners LLC boosted its holdings in Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Toyota Motor in the first quarter valued at $33,000. Cornerstone Planning Group LLC lifted its position in shares of Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares in the last quarter. Larson Financial Group LLC boosted its position in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after buying an additional 142 shares during the period. Finally, Activest Wealth Management boosted its holdings in Toyota Motor by 10,000.0% in the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research cut shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley assumed coverage on shares of Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Down 0.1%

Shares of NYSE TM opened at $180.12 on Thursday. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The firm’s 50-day moving average is $178.84 and its two-hundred day moving average is $204.49. The company has a market capitalization of $234.75 billion, a PE ratio of 9.20 and a beta of 0.58.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Equities analysts anticipate that Toyota Motor Corporation will post 20.89 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.