Murphy Middleton Hinkle & Parker Inc. Makes New $1.37 Million Investment in Toyota Motor Corporation $TM

Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Toyota Motor Corporation (NYSE:TM) during the 4th quarter, Holdings Channel.com reports. The firm acquired 6,998 shares of the company’s stock, valued at approximately $1,365,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after buying an additional 476 shares during the period. AQR Capital Management LLC lifted its stake in Toyota Motor by 57.9% in the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after buying an additional 4,223 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Toyota Motor by 8.3% in the second quarter. Cetera Investment Advisers now owns 26,348 shares of the company’s stock valued at $4,539,000 after buying an additional 2,014 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Toyota Motor by 13.4% in the second quarter. JPMorgan Chase & Co. now owns 84,917 shares of the company’s stock valued at $14,628,000 after buying an additional 10,062 shares during the period. Finally, MAI Capital Management increased its position in shares of Toyota Motor by 57.7% during the second quarter. MAI Capital Management now owns 2,778 shares of the company’s stock worth $479,000 after acquiring an additional 1,016 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TM. BNP Paribas Exane assumed coverage on shares of Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective on the stock. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Performance

Shares of TM opened at $210.45 on Tuesday. The company has a market cap of $274.29 billion, a PE ratio of 11.09 and a beta of 0.60. The firm has a 50-day moving average of $229.93 and a 200-day moving average of $212.74. Toyota Motor Corporation has a one year low of $155.00 and a one year high of $248.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12.

Toyota Motor (NYSE:TM) last issued its earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The company had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. As a group, equities analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

About Toyota Motor

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.