Calamos Wealth Management LLC Buys New Position in Toyota Motor Corporation $TM

Calamos Wealth Management LLC bought a new stake in shares of Toyota Motor Corporation (NYSE:TM) in the first quarter, Holdings Channel.com reports. The fund bought 20,763 shares of the company’s stock, valued at approximately $4,279,000.

Several other hedge funds have also recently added to or reduced their stakes in TM. Prime Capital Investment Advisors LLC raised its position in shares of Toyota Motor by 224.4% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock worth $1,710,000 after acquiring an additional 5,527 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after purchasing an additional 66,695 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Toyota Motor during the 4th quarter valued at about $1,651,000. Oppenheimer Asset Management Inc. boosted its position in shares of Toyota Motor by 35.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 35,340 shares of the company’s stock valued at $7,565,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Toyota Motor by 51.6% during the fourth quarter. Ritholtz Wealth Management now owns 17,977 shares of the company’s stock worth $3,848,000 after purchasing an additional 6,116 shares during the period. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Down 1.0%

Toyota Motor stock opened at $174.68 on Tuesday. Toyota Motor Corporation has a fifty-two week low of $166.10 and a fifty-two week high of $248.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The firm’s 50-day simple moving average is $180.14 and its 200 day simple moving average is $206.27. The stock has a market cap of $227.66 billion, a PE ratio of 8.92 and a beta of 0.58.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion during the quarter. Research analysts predict that Toyota Motor Corporation will post 20.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TM shares. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Morgan Stanley began coverage on shares of Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Finally, Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $290.00.

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.