Bank of America Corp DE Increases Holdings in Toyota Motor Co. (NYSE:TM)

Bank of America Corp DE boosted its stake in shares of Toyota Motor Co. (NYSE:TMGet Rating) by 14.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 996,578 shares of the company’s stock after acquiring an additional 126,407 shares during the quarter. Bank of America Corp DE’s holdings in Toyota Motor were worth $179,634,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Byrne Asset Management LLC acquired a new stake in Toyota Motor in the 4th quarter valued at about $26,000. Exane Derivatives purchased a new stake in shares of Toyota Motor in the 1st quarter valued at approximately $38,000. Channing Global Advisors LLC purchased a new stake in Toyota Motor in the fourth quarter valued at approximately $44,000. MCF Advisors LLC purchased a new stake in shares of Toyota Motor in the 1st quarter valued at $47,000. Finally, Tcwp LLC purchased a new stake in Toyota Motor during the first quarter worth about $47,000. 1.36% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

Toyota Motor stock opened at $137.58 on Thursday. The firm’s 50-day simple moving average is $153.17 and its 200 day simple moving average is $161.21. The firm has a market capitalization of $192.33 billion, a PE ratio of 8.29, a P/E/G ratio of 1.11 and a beta of 0.53. Toyota Motor Co. has a 52 week low of $137.57 and a 52 week high of $213.74. The company has a quick ratio of 0.92, a current ratio of 1.10 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TM. JPMorgan Chase & Co. raised shares of Toyota Motor from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 31st. Jefferies Financial Group lifted their target price on shares of Toyota Motor from $177.49 to $179.41 and gave the company a “hold” rating in a report on Thursday, July 7th. Macquarie lowered shares of Toyota Motor from an “outperform” rating to a “neutral” rating in a research report on Friday, July 15th. StockNews.com lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, UBS Group decreased their target price on shares of Toyota Motor from 2,500.00 to 2,300.00 in a research report on Wednesday, July 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,239.71.

Toyota Motor Company Profile

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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 name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.

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

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