Abacus Wealth Partners LLC Buys New Shares in Toyota Motor Corporation $TM

Abacus Wealth Partners LLC bought a new stake in Toyota Motor Corporation (NYSE:TM) in the fourth quarter, HoldingsChannel reports. The fund bought 4,380 shares of the company’s stock, valued at approximately $938,000.

A number of other institutional investors have also recently bought and sold shares of TM. Root Financial Partners LLC purchased a new stake in Toyota Motor in the third quarter valued at approximately $26,000. Highline Wealth Partners LLC grew its holdings in Toyota Motor by 92.4% in the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares during the period. Cornerstone Planning Group LLC grew its holdings in Toyota Motor by 37.8% in 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 during the period. Activest Wealth Management grew its holdings in Toyota Motor by 10,000.0% in the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the period. Finally, Palisade Asset Management LLC purchased a new stake in Toyota Motor in the third quarter valued at approximately $49,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TM. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. BNP Paribas Exane began coverage on shares of Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. Zacks Research downgraded shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley assumed coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Toyota Motor presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Price Performance

TM opened at $190.83 on Friday. The company has a market cap of $248.72 billion, a P/E ratio of 9.75 and a beta of 0.58. The company has a 50 day moving average of $204.87 and a two-hundred day moving average of $213.67. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. Toyota Motor Corporation has a 52-week low of $167.18 and a 52-week high of $248.90.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. On average, analysts expect that Toyota Motor Corporation will post 16.02 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.