Signaturefd LLC Grows Stake in Toyota Motor Corp (TM)
Signaturefd LLC grew its holdings in Toyota Motor Corp (NYSE:TM) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,155 shares of the company’s stock after purchasing an additional 463 shares during the quarter. Signaturefd LLC’s holdings in Toyota Motor were worth $664,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. OLD Mission Capital LLC lifted its stake in shares of Toyota Motor by 48.8% during the second quarter. OLD Mission Capital LLC now owns 5,745 shares of the company’s stock valued at $740,000 after buying an additional 1,884 shares during the period. Morgan Stanley lifted its stake in shares of Toyota Motor by 5.3% during the second quarter. Morgan Stanley now owns 428,104 shares of the company’s stock valued at $55,144,000 after buying an additional 21,662 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Toyota Motor by 22.2% during the second quarter. Renaissance Technologies LLC now owns 412,800 shares of the company’s stock valued at $53,173,000 after buying an additional 75,000 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in shares of Toyota Motor during the second quarter valued at approximately $1,306,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Toyota Motor by 1,524.6% during the second quarter. Envestnet Asset Management Inc. now owns 29,877 shares of the company’s stock valued at $3,848,000 after buying an additional 28,038 shares during the period. Institutional investors and hedge funds own 0.75% of the company’s stock.
NYSE:TM opened at $119.92 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The company has a market cap of $175.27 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 1.39 and a beta of 0.73. Toyota Motor Corp has a fifty-two week low of $116.25 and a fifty-two week high of $140.99.
TM has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating and set a $149.00 price objective on the stock in a research note on Tuesday, July 17th. ValuEngine downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 26th. Goldman Sachs Group raised shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research note on Friday, June 1st. Finally, Daiwa Capital Markets raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Toyota Motor presently has a consensus rating of “Hold” and an average price target of $139.50.
Toyota Motor Profile
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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