Ovata Capital Management Ltd Buys New Stake in Toyota Motor Corporation $TM

Ovata Capital Management Ltd bought a new stake in Toyota Motor Corporation (NYSE:TM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,500 shares of the company’s stock, valued at approximately $964,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC grew its holdings in shares of Toyota Motor by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock valued at $1,497,494,000 after purchasing an additional 86,474 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Toyota Motor by 4.9% in the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after purchasing an additional 67,943 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Toyota Motor by 3.6% in the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after purchasing an additional 36,207 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Toyota Motor by 14.3% in the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after purchasing an additional 66,695 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Toyota Motor by 1.2% in the third quarter. Captrust Financial Advisors now owns 407,239 shares of the company’s stock valued at $77,819,000 after purchasing an additional 4,689 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Down 0.3%

Shares of TM opened at $179.63 on Friday. 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 firm has a fifty day moving average price of $197.21 and a 200-day moving average price of $211.91. The firm has a market capitalization of $234.12 billion, a P/E ratio of 9.17 and a beta of 0.57. Toyota Motor Corporation has a 12-month low of $167.18 and a 12-month high of $248.90.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The firm had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Equities research analysts expect that Toyota Motor Corporation will post 21.66 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on TM shares. Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Morgan Stanley started coverage on shares of Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $290.00.

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.