CIBC Asset Management Inc Purchases New Position in Toyota Motor Corporation $TM

CIBC Asset Management Inc acquired a new position in Toyota Motor Corporation (NYSE:TM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,251 shares of the company’s stock, valued at approximately $910,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TM. Northwestern Mutual Wealth Management Co. boosted its stake in Toyota Motor by 3,027.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after purchasing an additional 244,684 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Toyota Motor by 204.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after purchasing an additional 172,829 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Toyota Motor by 717.3% in the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after purchasing an additional 128,128 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in Toyota Motor by 46.2% in the third quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock worth $63,142,000 after purchasing an additional 104,471 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Toyota Motor by 1,509.1% in the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after purchasing an additional 94,305 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TM shares. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Morgan Stanley started coverage on Toyota Motor in a research note on Friday, May 1st. They set an “equal weight” rating on the stock. BNP Paribas Exane started coverage on Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Toyota Motor has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Performance

TM opened at $178.71 on Tuesday. Toyota Motor Corporation has a 12-month low of $167.18 and a 12-month high of $248.90. The stock has a market cap of $232.92 billion, a price-to-earnings ratio of 9.13 and a beta of 0.57. The business has a 50 day moving average of $195.91 and a 200-day moving average of $211.63. 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 (NYSE:TM) last released its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The company had revenue of $76.81 billion during the quarter. On average, equities research analysts expect that Toyota Motor Corporation will post 21.66 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.