Cullen Capital Management LLC Raises Stock Position in Toyota Motor Corporation $TM

Cullen Capital Management LLC grew its position in shares of Toyota Motor Corporation (NYSE:TM) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,355 shares of the company’s stock after purchasing an additional 39,241 shares during the period. Cullen Capital Management LLC’s holdings in Toyota Motor were worth $50,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. DeDora Capital Inc. grew its position in shares of Toyota Motor by 2.1% during the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after purchasing an additional 45 shares in the last quarter. Independence Bank of Kentucky grew its position in shares of Toyota Motor by 18.4% during the fourth quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after purchasing an additional 46 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. J2 Capital Management Inc grew its position in shares of Toyota Motor by 2.4% during the fourth quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock valued at $455,000 after purchasing an additional 50 shares in the last quarter. Finally, Seven Mile Advisory grew its position in shares of Toyota Motor by 4.1% during the third quarter. Seven Mile Advisory now owns 1,400 shares of the company’s stock valued at $268,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

TM has been the subject of a number of research analyst reports. Zacks Research lowered Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Morgan Stanley initiated coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Finally, Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Trading Up 0.1%

TM opened at $175.06 on Friday. The firm has a market cap of $228.16 billion, a P/E ratio of 8.94 and a beta of 0.56. Toyota Motor Corporation has a 12 month low of $167.18 and a 12 month high of $248.90. 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 stock has a 50-day moving average of $193.36 and a 200 day moving average of $210.94.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The company 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%. As a group, research analysts forecast that Toyota Motor Corporation will post 21.06 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.