Gabelli Funds LLC Has $6.75 Million Stock Holdings in Toyota Motor Corporation $TM

Gabelli Funds LLC raised its stake in Toyota Motor Corporation (NYSE:TM) by 26.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,750 shares of the company’s stock after purchasing an additional 6,800 shares during the period. Gabelli Funds LLC’s holdings in Toyota Motor were worth $6,749,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TM. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after acquiring an additional 113 shares in the last quarter. Highline Wealth Partners LLC lifted its position in shares of Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Toyota Motor in the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC boosted its position in Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Friday, July 17th. Morgan Stanley assumed coverage on shares of Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Trading Up 2.6%

Shares of Toyota Motor stock opened at $182.12 on Tuesday. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. The company has a market cap of $237.36 billion, a price-to-earnings ratio of 9.30 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $178.20 and its 200-day moving average price is $203.67.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, equities analysts expect that Toyota Motor Corporation will post 20.89 earnings per share 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.