Keybank National Association OH Acquires 7,323 Shares of Toyota Motor Corporation $TM

Keybank National Association OH increased its holdings in Toyota Motor Corporation (NYSE:TM) by 182.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,327 shares of the company’s stock after buying an additional 7,323 shares during the quarter. Keybank National Association OH’s holdings in Toyota Motor were worth $2,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TM. Highline Wealth Partners LLC boosted its stake in shares of Toyota Motor by 92.4% during the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the period. Larson Financial Group LLC raised its holdings in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares during the period. Activest Wealth Management lifted its position in Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in Toyota Motor during the third quarter valued at about $49,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Trading Down 0.0%

Toyota Motor stock opened at $174.53 on Monday. Toyota Motor Corporation has a 1 year low of $166.10 and a 1 year high of $248.90. The firm’s 50 day moving average price is $182.06 and its 200-day moving average price is $207.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The stock has a market cap of $227.47 billion, a P/E ratio of 8.91 and a beta of 0.58.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley initiated coverage on Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating on the stock. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.