JPMorgan Chase & Co. Boosts Position in Toyota Motor Corporation $TM

JPMorgan Chase & Co. raised its holdings in shares of Toyota Motor Corporation (NYSE:TM) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,094 shares of the company’s stock after buying an additional 22,177 shares during the period. JPMorgan Chase & Co.’s holdings in Toyota Motor were worth $20,465,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Toyota Motor in the third quarter worth $26,000. Palisade Asset Management LLC acquired a new position in shares of Toyota Motor during the 3rd quarter valued at $49,000. Bangor Savings Bank lifted its holdings in shares of Toyota Motor by 27.8% during the 3rd quarter. Bangor Savings Bank now owns 267 shares of the company’s stock valued at $51,000 after acquiring an additional 58 shares in the last quarter. Richardson Financial Services Inc. boosted its position in Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after purchasing an additional 164 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Toyota Motor during the 2nd quarter worth $53,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

Shares of TM stock opened at $209.55 on Wednesday. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $248.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The firm has a market capitalization of $273.12 billion, a P/E ratio of 11.05 and a beta of 0.60. The company’s fifty day moving average price is $229.53 and its two-hundred day moving average price is $212.81.

Toyota Motor (NYSE:TM) last announced its earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, beating the consensus estimate of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. On average, research analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective on the stock. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Company Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.