Vise Technologies Inc. Boosts Position in Toyota Motor Corporation $TM

Vise Technologies Inc. boosted its position in shares of Toyota Motor Corporation (NYSE:TM) by 58.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,585 shares of the company’s stock after acquiring an additional 8,324 shares during the quarter. Vise Technologies Inc.’s holdings in Toyota Motor were worth $4,835,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TM. Northwestern Mutual Wealth Management Co. increased its position in Toyota Motor by 3,027.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after acquiring an additional 244,684 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Toyota Motor by 204.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock valued at $49,162,000 after acquiring an additional 172,829 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Toyota Motor by 717.3% during the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after acquiring an additional 128,128 shares during the last quarter. Clark Capital Management Group Inc. increased its position in Toyota Motor by 46.2% during the third quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock valued at $63,142,000 after acquiring an additional 104,471 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Toyota Motor by 1,509.1% during the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock valued at $19,215,000 after acquiring an additional 94,305 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of TM opened at $176.96 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $196.53 and a two-hundred day simple moving average of $211.66. The stock has a market cap of $230.63 billion, a price-to-earnings ratio of 9.04 and a beta of 0.57. Toyota Motor Corporation has a 52 week low of $167.18 and a 52 week high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. On average, analysts expect that Toyota Motor Corporation will post 21.66 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TM. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective for the company. Morgan Stanley began coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Zacks Research cut Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Toyota Motor presently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Profile

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.