Raymond James Financial Inc. Buys New Shares in Toyota Motor Co. (NYSE:TM)

Raymond James Financial Inc. purchased a new position in shares of Toyota Motor Co. (NYSE:TM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 134,646 shares of the company's stock, valued at approximately $26,203,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc raised its stake in shares of Toyota Motor by 19.4% in the 4th quarter. Atria Investments Inc now owns 2,774 shares of the company's stock valued at $540,000 after purchasing an additional 450 shares in the last quarter. Assetmark Inc. raised its stake in shares of Toyota Motor by 5.5% in the 4th quarter. Assetmark Inc. now owns 11,369 shares of the company's stock valued at $2,213,000 after purchasing an additional 595 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Toyota Motor by 17.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company's stock valued at $13,991,000 after purchasing an additional 10,576 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Toyota Motor in the 4th quarter valued at about $244,000. Finally, Sage Rhino Capital LLC raised its stake in shares of Toyota Motor by 8.2% in the 4th quarter. Sage Rhino Capital LLC now owns 4,131 shares of the company's stock valued at $804,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.

Toyota Motor Stock Performance

NYSE TM traded up $1.86 on Tuesday, hitting $190.27. The stock had a trading volume of 274,575 shares, compared to its average volume of 342,112. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23. The company has a quick ratio of 1.06, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The stock has a market cap of $256.37 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.35 and a beta of 0.63. The company's 50-day moving average is $185.30 and its two-hundred day moving average is $180.52.

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Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 earnings per share (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%. On average, analysts expect that Toyota Motor Co. will post 19.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TM. StockNews.com upgraded shares of Toyota Motor from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. CLSA downgraded shares of Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Macquarie raised shares of Toyota Motor from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 4th.

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.