Janney Montgomery Scott LLC grew its position in shares of Toyota Motor Co. (NYSE:TM) by 107.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,009 shares of the company’s stock after acquiring an additional 6,742 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Toyota Motor were worth $1,723,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Smith Salley & Associates bought a new position in shares of Toyota Motor during the third quarter valued at approximately $210,000. Cullen Frost Bankers Inc. increased its position in Toyota Motor by 735.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 3,482 shares of the company’s stock valued at $461,000 after buying an additional 3,065 shares in the last quarter. Creative Planning boosted its stake in Toyota Motor by 22.1% in the 3rd quarter. Creative Planning now owns 18,725 shares of the company’s stock worth $2,480,000 after purchasing an additional 3,390 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Toyota Motor by 10.6% in the third quarter. First Trust Advisors LP now owns 399,050 shares of the company’s stock worth $52,850,000 after buying an additional 38,293 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Toyota Motor by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,683 shares of the company’s stock valued at $2,474,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 1.16% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research raised Toyota Motor from a “sell” rating to a “hold” rating and set a $142.00 target price on the stock in a research report on Tuesday, August 18th. Credit Suisse Group upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Monday, September 14th. Finally, Macquarie initiated coverage on shares of Toyota Motor in a research report on Tuesday, July 28th. They set an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $142.00.
Shares of NYSE:TM opened at $142.13 on Friday. The firm’s 50 day simple moving average is $134.58 and its 200-day simple moving average is $129.58. The firm has a market cap of $200.71 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 3.62 and a beta of 0.60. Toyota Motor Co. has a one year low of $108.01 and a one year high of $144.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 1.08.
Toyota Motor Company Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Prius PHV, C-HR, LC HV, LS HV, Camry, JPN TAXI, Avalon, Crown, Century HV, UX HV, Corolla SD, Corolla Sport, and WG HV names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Yaris, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, GLANZA, and Raize names.
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