Summit Global Investments Purchases 3,612 Shares of Toyota Motor Corporation $TM

Summit Global Investments purchased a new stake in shares of Toyota Motor Corporation (NYSE:TM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,612 shares of the company’s stock, valued at approximately $661,000.

Several other institutional investors also recently modified their holdings of the business. MGO One Seven LLC boosted its position in Toyota Motor by 20.9% in the third quarter. MGO One Seven LLC now owns 2,219 shares of the company’s stock worth $406,000 after purchasing an additional 384 shares during the last quarter. Aprio Wealth Management LLC increased its position in shares of Toyota Motor by 21.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,521 shares of the company’s stock valued at $278,000 after purchasing an additional 273 shares during the last quarter. Canopy Partners LLC purchased a new stake in shares of Toyota Motor during the 3rd quarter valued at about $266,000. Glenview Trust Co purchased a new stake in shares of Toyota Motor during the 3rd quarter valued at about $249,000. Finally, Soltis Investment Advisors LLC lifted its stake in shares of Toyota Motor by 15.6% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,742 shares of the company’s stock worth $319,000 after purchasing an additional 235 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TM shares. Zacks Research upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. Weiss Ratings upgraded shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $290.00.

Toyota Motor Trading Down 0.1%

TM stock opened at $195.54 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.00. Toyota Motor Corporation has a 1-year low of $166.10 and a 1-year high of $248.90. The business has a 50 day simple moving average of $192.10 and a two-hundred day simple moving average of $199.01. The company has a market capitalization of $254.85 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.28 and a beta of 0.61.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The firm had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. Research analysts anticipate that Toyota Motor Corporation will post 21.17 EPS for the current fiscal year.

Insider Activity at Toyota Motor

In related news, President Kenta Kon acquired 85,000 shares of Toyota Motor stock in a transaction on Wednesday, August 5th. The shares were bought at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the purchase, the president directly owned 148,100 shares of the company’s stock, valued at $2,726,521. The trade was a 134.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at 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.