Frank Rimerman Advisors LLC Takes $344,000 Position in Toyota Motor Co. (NYSE:TM)

Frank Rimerman Advisors LLC bought a new stake in shares of Toyota Motor Co. (NYSE:TM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,678 shares of the company’s stock, valued at approximately $344,000.

Other hedge funds have also recently bought and sold shares of the company. 180 Wealth Advisors LLC increased its position in shares of Toyota Motor by 2.6% during the first quarter. 180 Wealth Advisors LLC now owns 1,823 shares of the company’s stock valued at $459,000 after purchasing an additional 47 shares during the period. GAMMA Investing LLC increased its holdings in Toyota Motor by 3.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,524 shares of the company’s stock valued at $312,000 after buying an additional 52 shares during the period. Capital Advisors Wealth Management LLC lifted its holdings in shares of Toyota Motor by 1.9% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 2,899 shares of the company’s stock worth $594,000 after acquiring an additional 55 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Toyota Motor by 4.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 1,419 shares of the company’s stock worth $291,000 after acquiring an additional 61 shares during the period. Finally, Vista Investment Management boosted its position in shares of Toyota Motor by 4.3% during the 4th quarter. Vista Investment Management now owns 1,584 shares of the company’s stock valued at $290,000 after acquiring an additional 65 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Erste Group Bank restated a “hold” rating on shares of Toyota Motor in a research note on Friday, June 14th.

Toyota Motor Stock Performance

Shares of NYSE:TM opened at $183.53 on Wednesday. The stock has a market capitalization of $247.29 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 0.34 and a beta of 0.68. The business’s fifty day moving average price is $182.99 and its two-hundred day moving average price is $208.68. Toyota Motor Co. has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.02.

Toyota Motor (NYSE:TM) last announced its earnings results on Thursday, August 1st. The company reported $6.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $2.34. The business had revenue of $75.94 billion during the quarter, compared to analysts’ expectations of $72.48 billion. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. During the same quarter last year, the company posted $7.05 EPS. As a group, analysts predict that Toyota Motor Co. will post 20.82 EPS for the current fiscal year.

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.