Zions Bancorporation boosted its position in shares of Toyota Motor Corp Ltd Ord (NYSE:TM) by 8.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,143 shares of the company’s stock after buying an additional 954 shares during the period. Zions Bancorporation’s holdings in Toyota Motor were worth $1,447,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Wesbanco Bank Inc. grew its stake in Toyota Motor by 2.1% during the second quarter. Wesbanco Bank Inc. now owns 1,930 shares of the company’s stock worth $203,000 after buying an additional 40 shares in the last quarter. Scotia Capital Inc. grew its stake in Toyota Motor by 0.6% during the second quarter. Scotia Capital Inc. now owns 12,441 shares of the company’s stock worth $1,307,000 after buying an additional 75 shares in the last quarter. Wedbush Securities Inc. grew its stake in Toyota Motor by 4.9% during the second quarter. Wedbush Securities Inc. now owns 1,947 shares of the company’s stock worth $204,000 after buying an additional 91 shares in the last quarter. D.A. Davidson & CO. grew its stake in Toyota Motor by 9.2% during the second quarter. D.A. Davidson & CO. now owns 3,035 shares of the company’s stock worth $318,000 after buying an additional 256 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in Toyota Motor by 0.5% during the second quarter. Salem Investment Counselors Inc. now owns 52,164 shares of the company’s stock worth $5,478,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 0.78% of the company’s stock.
Toyota Motor Corp Ltd Ord (TM) traded up $1.06 on Friday, hitting $124.45. 125,092 shares of the stock were exchanged, compared to its average volume of 131,847. Toyota Motor Corp Ltd Ord has a one year low of $103.62 and a one year high of $128.11. The company has a current ratio of 1.05, a quick ratio of 0.90 and a debt-to-equity ratio of 0.56. The firm has a market cap of $185,946.59, a P/E ratio of 10.68, a P/E/G ratio of 1.68 and a beta of 0.65.
TM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Wednesday, November 15th. Citigroup upgraded shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group set a $116.00 price target on shares of Toyota Motor and gave the company a “hold” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Toyota Motor currently has an average rating of “Hold” and a consensus target price of $121.74.
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Toyota Motor 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.
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