Sei Investments Co. Buys 6,997 Shares of Toyota Motor Corporation $TM

Sei Investments Co. increased its stake in shares of Toyota Motor Corporation (NYSE:TM) by 17.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 47,995 shares of the company’s stock after acquiring an additional 6,997 shares during the period. Sei Investments Co.’s holdings in Toyota Motor were worth $9,891,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Lido Advisors LLC lifted its holdings in Toyota Motor by 32.0% in the 1st quarter. Lido Advisors LLC now owns 4,920 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,193 shares during the last quarter. Cetera Investment Advisers grew its holdings in Toyota Motor by 2.9% during the first 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. First Trust Advisors LP grew its holdings in Toyota Motor by 1.3% during the first 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 last quarter. PNC Financial Services Group Inc. raised its position in shares of Toyota Motor by 6.5% in the first quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock valued at $6,046,000 after purchasing an additional 1,782 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Toyota Motor in the first quarter valued at approximately $66,000. 1.48% of the stock is owned by institutional investors.

Toyota Motor Stock Down 1.1%

TM opened at $189.35 on Friday. The business has a 50 day moving average of $178.33 and a 200-day moving average of $203.02. The stock has a market capitalization of $246.79 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.26 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 1-year low of $166.10 and a 1-year high of $248.90.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts anticipate that Toyota Motor Corporation will post 20.05 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TM. 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 downgraded shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Friday, July 17th. Finally, Morgan Stanley started coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Toyota Motor has a consensus rating of “Moderate Buy” and a consensus 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.