Avantax Advisory Services Inc. Grows Stake in Toyota Motor Co. (NYSE:TM)

Avantax Advisory Services Inc. increased its holdings in Toyota Motor Co. (NYSE:TM) by 65.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,546 shares of the company’s stock after buying an additional 7,748 shares during the period. Avantax Advisory Services Inc.’s holdings in Toyota Motor were worth $3,804,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Stifel Financial Corp raised its holdings in shares of Toyota Motor by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock valued at $55,632,000 after acquiring an additional 21,092 shares in the last quarter. Fisher Asset Management LLC lifted its position in Toyota Motor by 2.4% during the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after purchasing an additional 160,720 shares during the last quarter. Atom Investors LP purchased a new position in Toyota Motor in the 3rd quarter worth approximately $841,000. FNY Investment Advisers LLC bought a new position in shares of Toyota Motor in the 4th quarter worth $1,167,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Toyota Motor during the 4th quarter valued at $2,140,000. Institutional investors own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TM. CLSA lowered shares of Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th.

Toyota Motor Stock Performance

NYSE TM opened at $186.72 on Friday. The company has a 50-day simple moving average of $185.34 and a two-hundred day simple moving average of $180.56. Toyota Motor Co. has a 12-month low of $159.04 and a 12-month high of $255.23. The firm has a market cap of $251.58 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.35 and a beta of 0.63. The company has a quick ratio of 1.06, a current ratio of 1.21 and a debt-to-equity ratio of 0.64.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities analysts forecast that Toyota Motor Co. will post 19.76 EPS for the current year.

About Toyota Motor

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.