Quadrant Capital Group LLC raised its holdings in shares of Toyota Motor Corp (NYSE:TM) by 4.5% in the second quarter, HoldingsChannel.com reports. The firm owned 13,047 shares of the company’s stock after buying an additional 558 shares during the period. Quadrant Capital Group LLC’s holdings in Toyota Motor were worth $1,603,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Berman Capital Advisors LLC grew its stake in shares of Toyota Motor by 437.3% in the 1st quarter. Berman Capital Advisors LLC now owns 274 shares of the company’s stock worth $32,000 after acquiring an additional 223 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Toyota Motor in the 1st quarter worth $33,000. Rehmann Capital Advisory Group grew its stake in shares of Toyota Motor by 78.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 171 shares in the last quarter. Field & Main Bank bought a new stake in shares of Toyota Motor in the 1st quarter worth $56,000. Finally, Winslow Evans & Crocker Inc. grew its stake in shares of Toyota Motor by 22.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 526 shares of the company’s stock worth $66,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 0.72% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating and set a $154.00 target price for the company in a research note on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Toyota Motor presently has a consensus rating of “Buy” and an average target price of $154.00.
Shares of NYSE TM traded down $0.67 during trading on Friday, hitting $128.95. The stock had a trading volume of 101,098 shares, compared to its average volume of 148,427. Toyota Motor Corp has a 12 month low of $111.12 and a 12 month high of $133.16. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $189.59 billion, a P/E ratio of 11.00, a PEG ratio of 0.80 and a beta of 0.70. The company’s fifty day moving average price is $127.48.
Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $2.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.91 by ($1.02). The company had revenue of $70.38 billion for the quarter, compared to the consensus estimate of $69.88 billion. Toyota Motor had a net margin of 6.25% and a return on equity of 9.49%. On average, research analysts predict that Toyota Motor Corp will post 15.31 earnings per share for the current year.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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