Ritholtz Wealth Management Increases Position in Toyota Motor Co. (NYSE:TM)

Ritholtz Wealth Management lifted its holdings in Toyota Motor Co. (NYSE:TM) by 49.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,745 shares of the company’s stock after buying an additional 1,562 shares during the period. Ritholtz Wealth Management’s holdings in Toyota Motor were worth $741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NEXT Financial Group Inc boosted its stake in shares of Toyota Motor by 279.6% in the 1st quarter. NEXT Financial Group Inc now owns 186 shares of the company’s stock worth $29,000 after buying an additional 137 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Toyota Motor in the 1st quarter worth approximately $30,000. Montag A & Associates Inc. bought a new stake in shares of Toyota Motor in the 4th quarter worth approximately $31,000. Bogart Wealth LLC bought a new stake in shares of Toyota Motor in the 1st quarter worth approximately $31,000. Finally, Trustcore Financial Services LLC raised its holdings in shares of Toyota Motor by 1,633.3% in the 4th quarter. Trustcore Financial Services LLC now owns 208 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Shares of TM stock opened at $180.18 on Friday. The firm’s fifty day simple moving average is $159.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 0.92. Toyota Motor Co. has a 1 year low of $118.66 and a 1 year high of $182.66. The company has a market cap of $251.89 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.79 and a beta of 0.57.

A number of equities research analysts recently commented on TM shares. Citigroup started coverage on shares of Toyota Motor in a report on Tuesday, March 30th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating and set a $161.00 price target on the stock. in a report on Tuesday, April 27th.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Prius PHV, C-HR, LC HV, LS HV, Camry, JPN TAXI, Avalon, Crown, Century HV, UX HV, Corolla SD, Corolla Sport, and WG HV names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Yaris, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, GLANZA, and Raize names.

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Institutional Ownership by Quarter for Toyota Motor (NYSE:TM)

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