Eqis Capital Management Inc. Boosts Position in Toyota Motor Corp Ltd Ord (NYSE:TM)

Eqis Capital Management Inc. boosted its stake in shares of Toyota Motor Corp Ltd Ord (NYSE:TM) by 24.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,924 shares of the company’s stock after buying an additional 1,776 shares during the period. Eqis Capital Management Inc.’s holdings in Toyota Motor Corp Ltd Ord were worth $937,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Toyota Motor Corp Ltd Ord by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 737,890 shares of the company’s stock valued at $80,150,000 after buying an additional 44,087 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Toyota Motor Corp Ltd Ord by 14.2% in the first quarter. Parametric Portfolio Associates LLC now owns 607,171 shares of the company’s stock valued at $65,951,000 after buying an additional 75,332 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Toyota Motor Corp Ltd Ord by 41.4% in the first quarter. Wells Fargo & Company MN now owns 531,335 shares of the company’s stock valued at $57,714,000 after buying an additional 155,684 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Toyota Motor Corp Ltd Ord during the first quarter valued at $40,235,000. Finally, First Trust Advisors LP boosted its stake in shares of Toyota Motor Corp Ltd Ord by 16.4% in the first quarter. First Trust Advisors LP now owns 202,806 shares of the company’s stock valued at $22,029,000 after buying an additional 28,569 shares during the period. 0.92% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Corp Ltd Ord (TM) traded up 0.78% during mid-day trading on Thursday, reaching $111.63. 110,924 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $107.27 and its 200-day moving average price is $110.31. The company has a market capitalization of $166.03 billion, a P/E ratio of 10.47 and a beta of 0.60. Toyota Motor Corp Ltd Ord has a 52 week low of $103.62 and a 52 week high of $123.18.

Toyota Motor Corp Ltd Ord (NYSE:TM) last released its earnings results on Wednesday, May 10th. The company reported $2.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $119.46 by $117.14. The business had revenue of $7,442.47 billion for the quarter, compared to analysts’ expectations of $6,993.26 billion. Toyota Motor Corp Ltd Ord had a net margin of 6.64% and a return on equity of 10.29%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $38.38 earnings per share. On average, equities research analysts expect that Toyota Motor Corp Ltd Ord will post $10.61 earnings per share for the current fiscal year.

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Several analysts recently weighed in on TM shares. Zacks Investment Research raised shares of Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub raised shares of Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Jefferies Group LLC set a $116.00 price objective on shares of Toyota Motor Corp Ltd Ord and gave the stock a “hold” rating in a report on Saturday, June 10th. TheStreet raised shares of Toyota Motor Corp Ltd Ord from a “c+” rating to a “b” rating in a report on Wednesday, May 10th. Finally, Bank of America Corporation cut shares of Toyota Motor Corp Ltd Ord from a “neutral” rating to an “underperform” rating and set a $108.22 price objective on the stock. in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $115.07.

Toyota Motor Corp Ltd Ord Company Profile

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

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

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