Choate Investment Advisors Acquires New Stake in Toyota Motor Co. (NYSE:TM)

Choate Investment Advisors acquired a new stake in shares of Toyota Motor Co. (NYSE:TM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,649 shares of the company’s stock, valued at approximately $321,000.

Several other large investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its stake in Toyota Motor by 9.5% during the fourth quarter. Natixis Advisors LLC now owns 393,002 shares of the company’s stock valued at $76,482,000 after buying an additional 34,110 shares during the period. Wellington Shields Capital Management LLC purchased a new stake in Toyota Motor during the fourth quarter valued at about $207,000. Commonwealth Equity Services LLC raised its position in Toyota Motor by 16.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 30,465 shares of the company’s stock valued at $5,929,000 after purchasing an additional 4,283 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Toyota Motor by 24.9% during the fourth quarter. HBK Sorce Advisory LLC now owns 1,416 shares of the company’s stock valued at $276,000 after purchasing an additional 282 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Toyota Motor by 30.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,290 shares of the company’s stock valued at $25,550,000 after purchasing an additional 30,576 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. CLSA downgraded Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th.

Toyota Motor Stock Up 1.0 %

TM opened at $188.50 on Tuesday. The company has a market cap of $253.99 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.35 and a beta of 0.63. The business’s 50-day moving average price is $185.30 and its 200-day moving average price is $180.52. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Toyota Motor Co. has a 12 month low of $159.04 and a 12 month high of $255.23.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 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 expect that Toyota Motor Co. will post 19.76 EPS for the current year.

Toyota Motor 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.