M&T Bank Corp Increases Stake in Toyota Motor Co. (NYSE:TM)

M&T Bank Corp raised its stake in Toyota Motor Co. (NYSE:TM) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,965 shares of the company’s stock after acquiring an additional 116 shares during the quarter. M&T Bank Corp’s holdings in Toyota Motor were worth $2,377,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Etesian Wealth Advisors Inc. boosted its position in Toyota Motor by 1.9% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 5,962 shares of the company’s stock worth $1,080,000 after purchasing an additional 110 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Toyota Motor by 43.1% during the 4th quarter. Cerity Partners LLC now owns 27,700 shares of the company’s stock worth $5,080,000 after buying an additional 8,340 shares during the period. Naviter Wealth LLC lifted its position in shares of Toyota Motor by 20.5% during the 4th quarter. Naviter Wealth LLC now owns 23,877 shares of the company’s stock valued at $4,379,000 after buying an additional 4,061 shares in the last quarter. Morgan Stanley grew its stake in Toyota Motor by 2.5% in the 3rd quarter. Morgan Stanley now owns 1,623,169 shares of the company’s stock valued at $291,765,000 after acquiring an additional 40,254 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Toyota Motor in the 3rd quarter worth $834,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Up 0.2 %

Shares of TM opened at $231.82 on Thursday. Toyota Motor Co. has a 52-week low of $135.15 and a 52-week high of $255.23. 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’s fifty day moving average is $239.77 and its two-hundred day moving average is $210.77. The stock has a market cap of $314.07 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.72.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, February 6th. The company reported $6.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $81.54 billion for the quarter, compared to analysts’ expectations of $73.72 billion. Research analysts forecast that Toyota Motor Co. will post 22.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TM has been the subject of several recent analyst reports. Nomura lowered shares of Toyota Motor from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Friday, January 19th.

Toyota Motor Company 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.