Toyota Motor Corporation $TM Position Increased by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in Toyota Motor Corporation (NYSE:TM) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,296,591 shares of the company’s stock after acquiring an additional 94,468 shares during the period. Fisher Asset Management LLC’s holdings in Toyota Motor were worth $1,336,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Toyota Motor by 19.0% during the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock worth $48,888,000 after purchasing an additional 37,893 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Toyota Motor by 1.3% in the 1st quarter. First Trust Advisors LP now owns 177,609 shares of the company’s stock valued at $36,603,000 after purchasing an additional 2,304 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Toyota Motor by 28.7% in the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock valued at $32,380,000 after purchasing an additional 35,025 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Toyota Motor by 1.0% in the 2nd quarter. QRG Capital Management Inc. now owns 77,642 shares of the company’s stock valued at $13,077,000 after purchasing an additional 798 shares during the period. Finally, Cetera Investment Advisers lifted its stake in Toyota Motor by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 71,628 shares of the company’s stock valued at $14,762,000 after purchasing an additional 2,042 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Erste Group Bank raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Freedom Broker lowered Toyota Motor from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Thursday. Finally, Weiss Ratings upgraded Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Toyota Motor has a consensus rating of “Buy” and an average target price of $260.00.

Toyota Motor Trading Down 1.4%

Shares of Toyota Motor stock opened at $209.95 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.03 and a current ratio of 1.19. The firm has a 50-day moving average of $194.61 and a 200-day moving average of $198.34. Toyota Motor Corporation has a 52-week low of $166.10 and a 52-week high of $248.90. The stock has a market cap of $273.64 billion, a PE ratio of 9.71, a PEG ratio of 1.35 and a beta of 0.62.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Thursday, November 5th. The company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.73. Toyota Motor had a net margin of 8.14% and a return on equity of 10.83%. The business had revenue of $87.97 billion for the quarter, compared to analyst estimates of $84.74 billion. As a group, sell-side analysts forecast that Toyota Motor Corporation will post 21.17 EPS for the current year.

Toyota Motor Profile

Toyota Motor Corporation is a Japanese automotive manufacturer founded in 1937 by Kiichiro Toyoda. The company designs, manufactures, and sells vehicles under the Toyota and Lexus brands, including passenger cars, SUVs, trucks, and commercial vehicles. Toyota offers vehicles with a range of powertrains, including conventional engines, hybrids, plug-in hybrids, battery-electric systems, and fuel-cell technology. Its other businesses include automotive financing and services related to mobility and vehicle ownership.