Range Financial Group LLC Acquires New Holdings in Toyota Motor Corporation $TM

Range Financial Group LLC bought a new stake in Toyota Motor Corporation (NYSE:TM) during the third quarter, Holdings Channel reports. The institutional investor bought 3,499 shares of the company’s stock, valued at approximately $641,000.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Toyota Motor by 19.0% during the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock worth $48,888,000 after buying an additional 37,893 shares in the last quarter. First Trust Advisors LP raised its position in Toyota Motor by 1.3% in the 1st quarter. First Trust Advisors LP now owns 177,609 shares of the company’s stock valued at $36,603,000 after buying an additional 2,304 shares during the last quarter. Quantinno Capital Management LP raised its position in Toyota Motor by 28.7% in the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock valued at $32,380,000 after buying an additional 35,025 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Toyota Motor by 20.3% during the 1st quarter. QRG Capital Management Inc. now owns 76,844 shares of the company’s stock valued at $15,837,000 after acquiring an additional 12,975 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Toyota Motor by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 71,628 shares of the company’s stock valued at $14,762,000 after acquiring an additional 2,042 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Finally, Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $290.00.

Toyota Motor Stock Up 1.4%

TM stock opened at $196.83 on Wednesday. The stock’s fifty day simple moving average is $191.20 and its two-hundred day simple moving average is $188.27. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Toyota Motor Corporation has a 1-year low of $166.10 and a 1-year high of $248.90. The stock has a market cap of $256.54 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.28 and a beta of 0.61.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. The firm had revenue of $83.16 billion during the quarter. Analysts expect that Toyota Motor Corporation will post 20.30 EPS for the current year.

Insider Activity at Toyota Motor

In other Toyota Motor news, President Kenta Kon bought 85,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were bought at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the purchase, the president directly owned 148,100 shares of the company’s stock, valued at approximately $2,726,521. This trade represents a 134.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.