Posted by admin on Aug 19th, 2022 
Commerce Bank trimmed its position in Toyota Motor Co. (NYSE:TM – Get Rating) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,152 shares of the company’s stock after selling 194 shares during the period. Commerce Bank’s holdings in Toyota Motor were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in TM. Fisher Asset Management LLC increased its position in shares of Toyota Motor by 3.5% in the 1st quarter. Fisher Asset Management LLC now owns 5,135,407 shares of the company’s stock valued at $925,657,000 after acquiring an additional 173,287 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Toyota Motor by 14.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 848,728 shares of the company’s stock valued at $157,270,000 after purchasing an additional 108,346 shares during the last quarter. SRB Corp boosted its holdings in Toyota Motor by 21.5% in the fourth quarter. SRB Corp now owns 606,855 shares of the company’s stock valued at $112,450,000 after purchasing an additional 107,200 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Toyota Motor by 26.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 282,041 shares of the company’s stock valued at $52,262,000 after purchasing an additional 59,563 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Toyota Motor by 1,010.7% in the fourth quarter. Evergreen Capital Management LLC now owns 45,517 shares of the company’s stock valued at $8,434,000 after purchasing an additional 41,419 shares during the last quarter. 1.20% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. Macquarie lowered shares of Toyota Motor from an “outperform” rating to a “neutral” rating in a report on Friday, July 15th. StockNews.com lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. UBS Group lowered their target price on shares of Toyota Motor from 2,500.00 to 2,300.00 in a research note on Wednesday, July 13th. Jefferies Financial Group increased their target price on shares of Toyota Motor from $177.49 to $179.41 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. raised shares of Toyota Motor from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,239.71.
Shares of Toyota Motor stock opened at $159.13 on Friday. The firm has a market capitalization of $222.46 billion, a PE ratio of 9.59, a P/E/G ratio of 0.93 and a beta of 0.51. Toyota Motor Co. has a twelve month low of $152.14 and a twelve month high of $213.74. The firm’s 50-day moving average price is $157.72 and its 200 day moving average price is $168.29. The company has a current ratio of 1.10, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60.
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Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.
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