Royal Bank of Canada Has $48.89 Million Stake in Toyota Motor Corporation $TM

Royal Bank of Canada grew its holdings in Toyota Motor Corporation (NYSE:TM) by 19.0% in the 1st quarter, Holdings Channel reports. The fund owned 237,220 shares of the company’s stock after purchasing an additional 37,893 shares during the quarter. Royal Bank of Canada’s holdings in Toyota Motor were worth $48,888,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC increased its stake in Toyota Motor by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock worth $1,497,494,000 after purchasing an additional 86,474 shares in the last quarter. Morgan Stanley lifted its stake in Toyota Motor by 13.0% in the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after buying an additional 279,110 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Toyota Motor by 4.9% in the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after buying an additional 67,943 shares during the period. Northern Trust Corp boosted its holdings in shares of Toyota Motor by 3.6% in the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after buying an additional 36,207 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Toyota Motor by 14.3% during the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after acquiring an additional 66,695 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TM shares. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Zacks Research downgraded Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Weiss Ratings lowered Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Finally, Morgan Stanley initiated coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Toyota Motor presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Performance

Shares of TM opened at $189.35 on Monday. The stock has a market capitalization of $246.79 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.26 and a beta of 0.56. Toyota Motor Corporation has a 12 month low of $166.10 and a 12 month high of $248.90. The firm has a fifty day simple moving average of $178.33 and a 200 day simple moving average of $202.88. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion for the quarter. Research analysts forecast that Toyota Motor Corporation will post 20.05 EPS for the current fiscal year.

Toyota Motor Company 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.