Toyota Motor Co. (NYSE:TM) Stock Position Raised by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in Toyota Motor Co. (NYSE:TM) by 21.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,204 shares of the company’s stock after acquiring an additional 212 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Toyota Motor were worth $247,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TM. CIBC Private Wealth Group LLC lifted its position in Toyota Motor by 385.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 934,796 shares of the company’s stock worth $171,423,000 after buying an additional 742,409 shares in the last quarter. Captrust Financial Advisors lifted its position in Toyota Motor by 109.1% in the 1st quarter. Captrust Financial Advisors now owns 437,732 shares of the company’s stock worth $110,168,000 after buying an additional 228,434 shares in the last quarter. Fisher Asset Management LLC lifted its position in Toyota Motor by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 6,210,385 shares of the company’s stock worth $1,138,861,000 after buying an additional 169,627 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Toyota Motor in the 4th quarter worth approximately $12,910,000. Finally, 1832 Asset Management L.P. purchased a new stake in Toyota Motor in the 4th quarter worth approximately $8,931,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

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

Toyota Motor Stock Performance

Shares of TM opened at $184.71 on Thursday. The company’s fifty day moving average is $190.52 and its 200-day moving average is $214.82. Toyota Motor Co. has a 12 month low of $159.04 and a 12 month high of $255.23. The firm has a market cap of $248.88 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.42 and a beta of 0.68. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.60.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $6.35 EPS for the quarter, topping the consensus estimate of $4.01 by $2.34. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. The company had revenue of $75.94 billion for the quarter, compared to analyst estimates of $72.48 billion. During the same quarter in the prior year, the business posted $7.05 EPS. Equities analysts expect that Toyota Motor Co. will post 17 EPS for the current fiscal year.

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.