Investment Research Partners LLC Invests $787,000 in Toyota Motor Corporation $TM

Investment Research Partners LLC purchased a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,798 shares of the company’s stock, valued at approximately $787,000.

A number of other hedge funds have also recently added to or reduced their stakes in TM. Root Financial Partners LLC bought a new position in Toyota Motor during the third quarter valued at approximately $26,000. Palisade Asset Management LLC acquired a new stake in Toyota Motor in the third quarter valued at approximately $49,000. Bangor Savings Bank grew its position in Toyota Motor by 27.8% in the third quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after acquiring an additional 58 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Toyota Motor in the second quarter worth approximately $53,000. Finally, Richardson Financial Services Inc. increased its stake in shares of Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock worth $55,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Trading Down 1.9%

Shares of TM stock opened at $209.05 on Thursday. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $248.90. The company has a market cap of $272.47 billion, a PE ratio of 11.02 and a beta of 0.60. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $230.62 and its two-hundred day moving average is $212.33.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The business had revenue of $76.37 billion during the quarter, compared to analysts’ expectations of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. Equities analysts predict that Toyota Motor Corporation will post 19.76 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TM. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, BNP Paribas Exane assumed coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

About Toyota Motor

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.