Montecito Bank & Trust Makes New Investment in Toyota Motor Corporation $TM

Montecito Bank & Trust acquired a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the third quarter, Holdings Channel reports. The fund acquired 3,776 shares of the company’s stock, valued at approximately $722,000.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Toyota Motor by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 82,324 shares of the company’s stock valued at $14,533,000 after acquiring an additional 10,433 shares during the period. Northern Trust Corp grew its position in Toyota Motor by 3.6% during the 1st quarter. Northern Trust Corp now owns 996,111 shares of the company’s stock worth $175,843,000 after purchasing an additional 34,708 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Toyota Motor by 4.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 31,640 shares of the company’s stock valued at $5,450,000 after purchasing an additional 1,391 shares during the period. Rockefeller Capital Management L.P. raised its stake in Toyota Motor by 21.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,062 shares of the company’s stock valued at $2,939,000 after purchasing an additional 3,012 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Toyota Motor by 59.9% in the first quarter. Russell Investments Group Ltd. now owns 9,133 shares of the company’s stock valued at $1,612,000 after purchasing an additional 3,423 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TM shares. Zacks Research downgraded Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, October 8th. Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Toyota Motor has a consensus rating of “Hold”.

Toyota Motor Stock Performance

Shares of TM stock opened at $216.21 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.10. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $217.50. The stock’s 50-day moving average is $201.70 and its two-hundred day moving average is $191.95. The firm has a market cap of $291.33 billion, a P/E ratio of 9.53 and a beta of 0.67.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.36 by $1.49. Toyota Motor had a return on equity of 12.32% and a net margin of 9.33%.The business had revenue of $81.22 billion during the quarter, compared to analyst estimates of $79.06 billion. Toyota Motor has set its FY 2026 guidance at 15.249-15.249 EPS. Analysts predict that Toyota Motor Corporation will post 19.76 earnings per share 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.