Moran Wealth Management LLC Buys 6,086 Shares of Toyota Motor Corporation $TM

Moran Wealth Management LLC lifted its stake in Toyota Motor Corporation (NYSE:TM) by 19.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,699 shares of the company’s stock after purchasing an additional 6,086 shares during the period. Moran Wealth Management LLC’s holdings in Toyota Motor were worth $7,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TM. Brighton Jones LLC raised its stake in Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after buying an additional 476 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Toyota Motor by 57.9% in the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock worth $2,032,000 after buying an additional 4,223 shares during the period. Baird Financial Group Inc. boosted its position in Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares in the last quarter. Marshall Wace LLP bought a new stake in Toyota Motor during the 2nd quarter valued at approximately $864,000. Finally, Brown Advisory Inc. grew its holdings in shares of Toyota Motor by 17.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock worth $263,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TM. Zacks Research lowered Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Morgan Stanley initiated coverage on Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating on the stock. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Toyota Motor currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Price Performance

Shares of TM opened at $174.53 on Friday. Toyota Motor Corporation has a fifty-two week low of $166.10 and a fifty-two week high of $248.90. The firm’s 50-day simple moving average is $182.06 and its two-hundred day simple moving average is $208.02. The stock has a market cap of $227.47 billion, a PE ratio of 8.91 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.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion during the quarter. Analysts anticipate that Toyota Motor Corporation will post 20.8 earnings per share for the current fiscal 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.