True North Advisors LLC Invests $707,000 in Toyota Motor Corporation $TM

True North Advisors LLC bought a new position in shares of Toyota Motor Corporation (NYSE:TM) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,430 shares of the company’s stock, valued at approximately $707,000.

Other hedge funds also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC raised its position in shares of Toyota Motor by 224.4% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock valued at $1,710,000 after purchasing an additional 5,527 shares during the last quarter. Natixis Advisors LLC grew its position in Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after purchasing an additional 66,695 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Toyota Motor during the 4th quarter valued at approximately $1,651,000. Oppenheimer Asset Management Inc. increased its stake in Toyota Motor by 35.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 35,340 shares of the company’s stock valued at $7,565,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Toyota Motor by 51.6% in the fourth quarter. Ritholtz Wealth Management now owns 17,977 shares of the company’s stock worth $3,848,000 after buying an additional 6,116 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TM has been the subject of several research reports. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley assumed coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Finally, Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Performance

TM opened at $177.77 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. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. The firm has a 50 day moving average of $179.11 and a two-hundred day moving average of $205.30. The firm has a market capitalization of $231.69 billion, a PE ratio of 9.08 and a beta of 0.58.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The business had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, analysts anticipate that Toyota Motor Corporation will post 20.89 EPS for the current year.

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.