SeaCrest Wealth Management LLC Makes New Investment in Toyota Motor Co. (NYSE:TM)

SeaCrest Wealth Management LLC purchased a new stake in Toyota Motor Co. (NYSE:TM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,090 shares of the company’s stock, valued at approximately $633,000.

Several other hedge funds also recently bought and sold shares of TM. International Assets Investment Management LLC purchased a new position in Toyota Motor in the 4th quarter worth approximately $31,855,000. Tennessee Valley Asset Management Partners purchased a new position in Toyota Motor in the 4th quarter worth approximately $110,000. Lindbrook Capital LLC lifted its holdings in shares of Toyota Motor by 11.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,160 shares of the company’s stock worth $396,000 after acquiring an additional 223 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of Toyota Motor in the 4th quarter worth approximately $26,000. Finally, Cetera Trust Company N.A bought a new stake in shares of Toyota Motor in the 4th quarter worth approximately $412,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Up 1.2 %

TM stock traded up $2.11 during trading on Wednesday, hitting $183.45. 84,813 shares of the stock traded hands, compared to its average volume of 305,904. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $255.23. The firm’s 50 day moving average is $193.31 and its two-hundred day moving average is $217.69. The stock has a market cap of $247.18 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 0.41 and a beta of 0.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.02.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $6.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $2.34. The firm had revenue of $75.94 billion for the quarter, compared to the consensus estimate of $72.48 billion. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. During the same quarter last year, the firm posted $7.05 EPS. On average, sell-side analysts anticipate that Toyota Motor Co. will post 17 EPS for the current year.

Analyst Ratings Changes

Separately, Erste Group Bank restated a “hold” rating on shares of Toyota Motor in a report on Friday, June 14th.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.