Parallel Advisors LLC Raises Holdings in Toyota Motor Co. (NYSE:TM)

Parallel Advisors LLC raised its stake in Toyota Motor Co. (NYSE:TM) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,321 shares of the company’s stock after purchasing an additional 213 shares during the period. Parallel Advisors LLC’s holdings in Toyota Motor were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TM. Wood Tarver Financial Group LLC purchased a new stake in shares of Toyota Motor during the fourth quarter worth approximately $29,000. Parvin Asset Management LLC purchased a new position in Toyota Motor in the fourth quarter worth approximately $32,000. Roxbury Financial LLC acquired a new position in Toyota Motor during the 4th quarter worth approximately $41,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Toyota Motor in the 4th quarter valued at approximately $42,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Toyota Motor by 800.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Up 2.4%

TM stock opened at $190.64 on Monday. The stock has a market cap of $256.87 billion, a P/E ratio of 7.87, a PEG ratio of 0.35 and a beta of 0.66. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Toyota Motor Co. has a twelve month low of $155.00 and a twelve month high of $213.54. The company’s 50 day moving average is $181.13 and its two-hundred day moving average is $182.61.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, topping the consensus estimate of $2.92 by $0.47. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. The firm had revenue of $81.09 billion for the quarter, compared to analyst estimates of $78.47 billion. Research analysts expect that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TM shares. DZ Bank cut shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 9th. Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. Sanford C. Bernstein assumed coverage on Toyota Motor in a research report on Monday, April 14th. They set a “market perform” rating for the company. Finally, CLSA downgraded Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Toyota Motor has a consensus rating of “Hold”.

Toyota Motor 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.