Optas LLC Grows Stock Position in Toyota Motor Co. (NYSE:TM)

Optas LLC raised its stake in shares of Toyota Motor Co. (NYSE:TM) by 49.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,218 shares of the company’s stock after buying an additional 1,068 shares during the period. Optas LLC’s holdings in Toyota Motor were worth $626,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC raised its position in Toyota Motor by 34,303.6% in the third quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock valued at $74,582,000 after purchasing an additional 416,446 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of Toyota Motor during the third quarter worth $58,660,000. Fisher Asset Management LLC increased its position in shares of Toyota Motor by 2.4% during the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after acquiring an additional 160,720 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Toyota Motor during the third quarter worth $14,911,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Toyota Motor by 373.5% during the third quarter. Rockefeller Capital Management L.P. now owns 55,599 shares of the company’s stock worth $9,939,000 after acquiring an additional 43,857 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $183.87 on Tuesday. The company has a 50-day simple moving average of $182.80 and a 200-day simple moving average of $180.33. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23. The stock has a market capitalization of $247.75 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.36 and a beta of 0.63.

Toyota Motor (NYSE:TM) last issued its earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The company had revenue of $76.92 billion during the quarter, compared to analysts’ expectations of $79.78 billion. On average, analysts predict that Toyota Motor Co. will post 19.76 EPS for the current year.

Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.