Bank of New York Mellon Corp Grows Position in Toyota Motor Corporation $TM

Bank of New York Mellon Corp lifted its position in shares of Toyota Motor Corporation (NYSE:TM) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,645 shares of the company’s stock after purchasing an additional 4,233 shares during the quarter. Bank of New York Mellon Corp’s holdings in Toyota Motor were worth $12,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TM. Brighton Jones LLC grew its position in shares of Toyota Motor by 21.8% in the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after buying an additional 476 shares during the period. AQR Capital Management LLC boosted its stake in Toyota Motor by 57.9% during the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock worth $2,032,000 after acquiring an additional 4,223 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Toyota Motor by 123.4% in the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock worth $490,000 after purchasing an additional 1,571 shares during the period. Marshall Wace LLP bought a new position in shares of Toyota Motor during the second quarter valued at approximately $864,000. Finally, Brown Advisory Inc. grew its stake in shares of Toyota Motor by 17.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock worth $263,000 after buying an additional 230 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TM. Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Friday, July 17th. Morgan Stanley began coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating for the company. Finally, Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Price Performance

NYSE TM opened at $189.35 on Friday. Toyota Motor Corporation has a one year low of $166.10 and a one year high of $248.90. The stock has a 50-day moving average of $178.33 and a 200 day moving average of $203.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The company has a market capitalization of $246.79 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.28 and a beta of 0.58.

Toyota Motor (NYSE:TM) last posted its 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 business had revenue of $76.81 billion for the quarter. On average, sell-side analysts forecast that Toyota Motor Corporation will post 20.05 EPS for the current year.

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.