NewEdge Advisors LLC Boosts Holdings in Toyota Motor Co. (NYSE:TM)

NewEdge Advisors LLC lifted its position in shares of Toyota Motor Co. (NYSE:TM - Free Report) by 20.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,623 shares of the company's stock after buying an additional 1,466 shares during the period. NewEdge Advisors LLC's holdings in Toyota Motor were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TM. Evergreen Capital Management LLC increased its stake in Toyota Motor by 17.8% during the fourth quarter. Evergreen Capital Management LLC now owns 8,859 shares of the company's stock worth $1,724,000 after acquiring an additional 1,339 shares during the last quarter. United Capital Financial Advisors LLC increased its position in shares of Toyota Motor by 7.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 7,758 shares of the company's stock worth $1,510,000 after purchasing an additional 523 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Toyota Motor by 37.3% during the 4th quarter. Gabelli Funds LLC now owns 11,235 shares of the company's stock worth $2,186,000 after purchasing an additional 3,050 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Toyota Motor in the 4th quarter valued at about $239,000. Finally, Mariner LLC lifted its position in Toyota Motor by 1.2% in the fourth quarter. Mariner LLC now owns 42,147 shares of the company's stock valued at $8,203,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TM shares. Sanford C. Bernstein started coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a "market perform" rating on the stock. CLSA lowered Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. Macquarie upgraded Toyota Motor from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded Toyota Motor from a "sell" rating to a "hold" rating in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold".

Toyota Motor Trading Up 2.3 %

NYSE TM opened at $178.59 on Wednesday. Toyota Motor Co. has a one year low of $155.00 and a one year high of $235.68. The firm has a 50 day simple moving average of $179.87 and a 200-day simple moving average of $179.75. The firm has a market cap of $240.64 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.35 and a beta of 0.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 EPS for the quarter, topping 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%. Equities research analysts anticipate that Toyota Motor Co. will post 19.76 EPS for the current fiscal 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.

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