Choate Investment Advisors Makes New $321,000 Investment in Toyota Motor Co. (NYSE:TM)

Choate Investment Advisors acquired a new position in shares of Toyota Motor Co. (NYSE:TM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,649 shares of the company's stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Modus Advisors LLC acquired a new stake in shares of Toyota Motor during the 4th quarter valued at approximately $31,000. Trust Co. of Vermont raised its holdings in shares of Toyota Motor by 113.3% during the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company's stock worth $31,000 after purchasing an additional 85 shares during the period. Roxbury Financial LLC bought a new position in shares of Toyota Motor in the 4th quarter worth about $41,000. Newbridge Financial Services Group Inc. bought a new position in shares of Toyota Motor in the 4th quarter worth about $42,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Toyota Motor by 800.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company's stock valued at $44,000 after buying an additional 200 shares during the period. Institutional investors own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

TM has been the topic of several research reports. Macquarie raised shares of Toyota Motor from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 4th. CLSA cut Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded Toyota Motor from a "sell" rating to a "hold" rating in a research report on Tuesday, January 7th.

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Toyota Motor Stock Performance

Shares of TM stock traded down $1.29 during trading hours on Friday, reaching $190.88. The stock had a trading volume of 229,074 shares, compared to its average volume of 341,973. The firm has a market capitalization of $257.19 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63. The firm has a 50-day simple moving average of $185.26 and a 200-day simple moving average of $180.69. Toyota Motor Co. has a twelve month low of $159.04 and a twelve month high of $255.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 EPS for the quarter, beating the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. As a group, equities analysts forecast that Toyota Motor Co. will post 19.76 earnings per share for the current year.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.