Toyota Motor Co. (NYSE:TM) Position Increased by Wedmont Private Capital

Wedmont Private Capital boosted its holdings in shares of Toyota Motor Co. (NYSE:TM) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,838 shares of the company’s stock after buying an additional 246 shares during the quarter. Wedmont Private Capital’s holdings in Toyota Motor were worth $454,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Criterion Capital Advisors LLC acquired a new stake in shares of Toyota Motor in the fourth quarter valued at about $26,000. Northwest Financial Advisors acquired a new stake in shares of Toyota Motor in the fourth quarter valued at about $34,000. Richardson Financial Services Inc. acquired a new stake in shares of Toyota Motor in the fourth quarter valued at about $37,000. BKM Wealth Management LLC acquired a new stake in Toyota Motor during the fourth quarter worth about $39,000. Finally, Pacifica Partners Inc. increased its stake in Toyota Motor by 53.3% during the fourth quarter. Pacifica Partners Inc. now owns 230 shares of the company’s stock valued at $43,000 after acquiring an additional 80 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Stock Down 0.5 %

NYSE TM opened at $193.54 on Friday. The company has a market capitalization of $260.78 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.33 and a beta of 0.69. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60. Toyota Motor Co. has a 1-year low of $152.78 and a 1-year high of $255.23. The stock’s 50 day moving average is $218.01 and its two-hundred day moving average is $216.50.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, May 8th. The company reported $4.99 EPS for the quarter, topping the consensus estimate of $2.91 by $2.08. Toyota Motor had a return on equity of 14.82% and a net margin of 10.99%. The business had revenue of $74.56 billion for the quarter, compared to the consensus estimate of $67.21 billion. Equities analysts forecast that Toyota Motor Co. will post 22.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Erste Group Bank restated a “hold” rating on shares of Toyota Motor in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.