Legacy Financial Advisors Inc. Makes New Investment in Toyota Motor Corporation $TM

Legacy Financial Advisors Inc. purchased a new position in shares of Toyota Motor Corporation (NYSE:TM) during the third quarter, HoldingsChannel reports. The fund purchased 5,268 shares of the company’s stock, valued at approximately $1,007,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TM. Fisher Asset Management LLC raised its stake in Toyota Motor by 1.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,827,634 shares of the company’s stock worth $1,176,128,000 after buying an additional 112,905 shares during the period. Captrust Financial Advisors increased its holdings in shares of Toyota Motor by 2.9% in the second quarter. Captrust Financial Advisors now owns 402,550 shares of the company’s stock worth $69,343,000 after acquiring an additional 11,397 shares in the last quarter. American Century Companies Inc. raised its position in shares of Toyota Motor by 10.0% during the second quarter. American Century Companies Inc. now owns 280,896 shares of the company’s stock worth $48,387,000 after purchasing an additional 25,591 shares during the period. First Trust Advisors LP lifted its holdings in shares of Toyota Motor by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 236,359 shares of the company’s stock valued at $40,715,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Cullen Capital Management LLC lifted its holdings in shares of Toyota Motor by 25.2% during the 3rd quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock valued at $37,667,000 after purchasing an additional 39,620 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TM shares. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, October 31st. BNP Paribas Exane began coverage on shares of Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. Finally, Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $290.00.

Toyota Motor Stock Down 0.7%

Shares of TM stock opened at $237.90 on Tuesday. The firm’s fifty day moving average price is $227.30 and its two-hundred day moving average price is $208.85. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. Toyota Motor Corporation has a 1 year low of $155.00 and a 1 year high of $248.90. The firm has a market capitalization of $320.55 billion, a P/E ratio of 12.54 and a beta of 0.62.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Friday, February 6th. The company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, equities analysts predict that Toyota Motor Corporation will post 19.76 EPS for the current fiscal year.

About Toyota Motor

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.