Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Toyota Motor Co. (NYSE:TM)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Toyota Motor Co. (NYSE:TM) by 18.9% in the fourth quarter, HoldingsChannel reports. The fund owned 12,836 shares of the company’s stock after buying an additional 2,036 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Toyota Motor were worth $2,506,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Penobscot Investment Management Company Inc. acquired a new position in shares of Toyota Motor in the 4th quarter valued at $214,000. PKS Advisory Services LLC purchased a new position in shares of Toyota Motor in the 4th quarter worth $320,000. CoreFirst Bank & Trust purchased a new position in shares of Toyota Motor in the 4th quarter worth $85,000. Lynx Investment Advisory acquired a new position in Toyota Motor in the fourth quarter valued at $300,000. Finally, LPL Financial LLC increased its stake in Toyota Motor by 17.5% during the fourth quarter. LPL Financial LLC now owns 76,449 shares of the company’s stock worth $14,878,000 after acquiring an additional 11,392 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Price Performance

TM stock opened at $174.34 on Wednesday. The firm has a market cap of $234.91 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.21. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $248.47. The stock has a 50-day simple moving average of $185.51 and a 200-day simple moving average of $181.00.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. On average, equities analysts predict that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TM has been the topic of several research analyst reports. CLSA lowered Toyota Motor from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 5th. StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Macquarie raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th.

About Toyota Motor

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.