Gabelli Funds LLC Acquires 5,250 Shares of Toyota Motor Corporation $TM

Gabelli Funds LLC lifted its stake in Toyota Motor Corporation (NYSE:TM) by 28.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,500 shares of the company’s stock after purchasing an additional 5,250 shares during the period. Gabelli Funds LLC’s holdings in Toyota Motor were worth $4,491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TM. Root Financial Partners LLC bought a new stake in Toyota Motor during the third quarter valued at about $26,000. Bangor Savings Bank increased its position in Toyota Motor by 27.8% in the third quarter. Bangor Savings Bank now owns 267 shares of the company’s stock worth $51,000 after buying an additional 58 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Toyota Motor in the second quarter worth about $53,000. Richardson Financial Services Inc. lifted its position in shares of Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock valued at $55,000 after buying an additional 164 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Toyota Motor by 3,500.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 324 shares of the company’s stock valued at $62,000 after buying an additional 315 shares in the last quarter. 1.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on TM. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. BNP Paribas Exane began coverage on Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Finally, DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One research 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Price Performance

NYSE:TM opened at $219.56 on Tuesday. The business’s 50-day moving average is $230.73 and its 200 day moving average is $211.59. Toyota Motor Corporation has a 12 month low of $155.00 and a 12 month high of $248.90. The company has a market capitalization of $286.16 billion, a P/E ratio of 11.57 and a beta of 0.60. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63.

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

Toyota Motor Company Profile

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.