Cardinal Capital Management Grows Holdings in Toyota Motor Co. (NYSE:TM)

Cardinal Capital Management lifted its holdings in Toyota Motor Co. (NYSE:TM) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,135 shares of the company’s stock after buying an additional 155 shares during the quarter. Cardinal Capital Management’s holdings in Toyota Motor were worth $4,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TM. GAMMA Investing LLC boosted its stake in Toyota Motor by 22,846.4% in the 1st quarter. GAMMA Investing LLC now owns 491,283 shares of the company’s stock worth $86,726,000 after purchasing an additional 489,142 shares in the last quarter. Northern Trust Corp boosted its stake in Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company’s stock worth $187,099,000 after purchasing an additional 384,149 shares in the last quarter. Captrust Financial Advisors boosted its stake in Toyota Motor by 166.3% in the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company’s stock worth $72,952,000 after purchasing an additional 234,078 shares in the last quarter. Raymond James Financial Inc. bought a new position in Toyota Motor in the 4th quarter worth about $26,203,000. Finally, Fisher Asset Management LLC boosted its stake in Toyota Motor by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company’s stock worth $1,341,254,000 after purchasing an additional 129,560 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

TM opened at $177.81 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. The stock has a market capitalization of $239.59 billion, a P/E ratio of 7.34, a P/E/G ratio of 0.35 and a beta of 0.65. The company’s 50-day simple moving average is $183.96 and its two-hundred day simple moving average is $183.50. Toyota Motor Co. has a 52-week low of $155.00 and a 52-week high of $208.86.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a “market perform” rating on the stock. DZ Bank cut shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

About Toyota Motor

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.