NewEdge Advisors LLC Buys 24,870 Shares of Toyota Motor Co. (NYSE:TM)

NewEdge Advisors LLC increased its holdings in Toyota Motor Co. (NYSE:TM - Free Report) by 523.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,624 shares of the company's stock after purchasing an additional 24,870 shares during the period. NewEdge Advisors LLC's holdings in Toyota Motor were worth $6,072,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new stake in shares of Toyota Motor in the first quarter worth $30,000. POM Investment Strategies LLC lifted its position in Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company's stock worth $31,000 after acquiring an additional 111 shares during the last quarter. Mather Group LLC. boosted its holdings in Toyota Motor by 113.9% during the second quarter. Mather Group LLC. now owns 169 shares of the company's stock valued at $35,000 after acquiring an additional 90 shares during the period. Richardson Financial Services Inc. bought a new position in shares of Toyota Motor in the fourth quarter worth about $37,000. Finally, Field & Main Bank increased its position in Toyota Motor by 300.0% in the 2nd quarter. Field & Main Bank now owns 180 shares of the company's stock worth $37,000 after buying an additional 135 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Erste Group Bank reaffirmed a "hold" rating on shares of Toyota Motor in a report on Friday, June 14th.

Toyota Motor Price Performance

Shares of Toyota Motor stock traded up $2.43 during trading on Wednesday, reaching $180.49. The company's stock had a trading volume of 294,154 shares, compared to its average volume of 315,540. The stock has a 50-day moving average price of $180.87 and a two-hundred day moving average price of $206.67. The stock has a market capitalization of $243.20 billion, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 0.34 and a beta of 0.68. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $6.35 earnings per share for the quarter, topping the consensus estimate of $4.01 by $2.34. The firm had revenue of $75.94 billion during the quarter, compared to analysts' expectations of $72.48 billion. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. During the same quarter in the previous year, the company posted $7.05 EPS. As a group, sell-side analysts anticipate that Toyota Motor Co. will post 20.49 EPS for the current fiscal year.

About Toyota Motor

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.