Bailard Inc. Buys 170 Shares of Toyota Motor Corp (NYSE:TM)

Bailard Inc. raised its stake in Toyota Motor Corp (NYSE:TM) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,671 shares of the company’s stock after acquiring an additional 170 shares during the quarter. Bailard Inc.’s holdings in Toyota Motor were worth $359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TM. Gilman Hill Asset Management LLC increased its holdings in shares of Toyota Motor by 0.8% during the third quarter. Gilman Hill Asset Management LLC now owns 12,240 shares of the company’s stock worth $1,646,000 after purchasing an additional 95 shares during the period. Winslow Evans & Crocker Inc. increased its holdings in shares of Toyota Motor by 22.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 526 shares of the company’s stock worth $66,000 after purchasing an additional 96 shares during the period. Sage Rhino Capital LLC increased its holdings in shares of Toyota Motor by 4.2% during the second quarter. Sage Rhino Capital LLC now owns 2,358 shares of the company’s stock worth $292,000 after purchasing an additional 96 shares during the period. Gabelli Funds LLC increased its holdings in shares of Toyota Motor by 1.7% during the second quarter. Gabelli Funds LLC now owns 6,000 shares of the company’s stock worth $744,000 after purchasing an additional 100 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Toyota Motor by 6.5% during the second quarter. Assetmark Inc. now owns 1,683 shares of the company’s stock worth $209,000 after purchasing an additional 103 shares during the period. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TM opened at $136.35 on Wednesday. Toyota Motor Corp has a 12 month low of $111.12 and a 12 month high of $138.41. The firm’s 50 day moving average is $134.71 and its 200-day moving average is $127.41. The stock has a market capitalization of $193.08 billion, a PE ratio of 11.63, a P/E/G ratio of 3.21 and a beta of 0.74. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

Toyota Motor (NYSE:TM) last announced its earnings results on Friday, August 2nd. The company reported $4.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.89 by $0.43. The company had revenue of $69.57 billion for the quarter, compared to analysts’ expectations of $67.96 billion. Toyota Motor had a net margin of 6.28% and a return on equity of 9.54%. Equities research analysts predict that Toyota Motor Corp will post 15.09 earnings per share for the current fiscal year.

Several research analysts have recently commented on the stock. Morgan Stanley cut shares of Toyota Motor from an “equal” rating to an “underweight” rating in a report on Thursday, September 5th. Zacks Investment Research cut shares of Toyota Motor from a “hold” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $140.00.

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 through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

Further Reading: Bid-Ask Spread

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

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