Fisher Asset Management LLC Grows Stock Position in Toyota Motor Co. (NYSE:TM)

Fisher Asset Management LLC grew its holdings in Toyota Motor Co. (NYSE:TM) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,213,105 shares of the company’s stock after acquiring an additional 172,347 shares during the quarter. Fisher Asset Management LLC’s holdings in Toyota Motor were worth $1,139,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. raised its position in Toyota Motor by 16.5% during the 4th quarter. First Trust Direct Indexing L.P. now owns 19,202 shares of the company’s stock worth $3,521,000 after buying an additional 2,726 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Toyota Motor by 11.4% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $238,000 after buying an additional 133 shares in the last quarter. Savant Capital LLC acquired a new position in Toyota Motor during the fourth quarter worth $260,000. Brighton Jones LLC raised its position in Toyota Motor by 9.1% in the fourth quarter. Brighton Jones LLC now owns 1,968 shares of the company’s stock worth $361,000 after acquiring an additional 164 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. acquired a new stake in Toyota Motor in the fourth quarter valued at $202,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Price Performance

Shares of Toyota Motor stock traded up $3.48 on Thursday, hitting $230.31. The company’s stock had a trading volume of 81,262 shares, compared to its average volume of 296,054. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average price of $240.08 and a 200-day moving average price of $208.96. Toyota Motor Co. has a 52-week low of $134.88 and a 52-week high of $255.23. The company has a market capitalization of $312.03 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.38 and a beta of 0.72.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, February 6th. The company reported $6.81 EPS for the quarter, beating the consensus estimate of $3.66 by $3.15. Toyota Motor had a net margin of 10.22% and a return on equity of 14.13%. The business had revenue of $81.54 billion for the quarter, compared to analyst estimates of $73.72 billion. On average, equities research analysts expect that Toyota Motor Co. will post 22.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TM. Nomura downgraded shares of Toyota Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Friday, January 19th.

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.