Northwestern Mutual Wealth Management Co. Raises Position in Toyota Motor Corporation $TM

Northwestern Mutual Wealth Management Co. boosted its stake in Toyota Motor Corporation (NYSE:TM) by 3,027.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,765 shares of the company’s stock after buying an additional 244,684 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Toyota Motor were worth $54,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TM. Brighton Jones LLC lifted its stake in Toyota Motor by 21.8% in the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after buying an additional 476 shares in the last quarter. AQR Capital Management LLC lifted its stake in Toyota Motor by 57.9% in the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after buying an additional 4,223 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Toyota Motor by 123.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after buying an additional 1,571 shares in the last quarter. Marshall Wace LLP purchased a new position in Toyota Motor in the 2nd quarter valued at about $864,000. Finally, Brown Advisory Inc. lifted its stake in Toyota Motor by 17.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock valued at $263,000 after buying an additional 230 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 recently weighed in on the stock. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday. BNP Paribas Exane started coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Morgan Stanley began coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Toyota Motor has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Up 0.1%

TM stock opened at $190.83 on Monday. The firm has a market cap of $248.72 billion, a PE ratio of 9.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The firm’s 50 day moving average price is $204.87 and its 200-day moving average price is $213.69. Toyota Motor Corporation has a one year low of $167.18 and a one year high of $248.90.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The firm had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, equities research analysts anticipate that Toyota Motor Corporation will post 16.02 EPS for the current year.

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.