Citigroup Inc. Acquires 2,082 Shares of Toyota Motor Co. (NYSE:TM)

Citigroup Inc. grew its holdings in shares of Toyota Motor Co. (NYSE:TM) by 4.9% in the second quarter, HoldingsChannel reports. The fund owned 44,640 shares of the company’s stock after purchasing an additional 2,082 shares during the quarter. Citigroup Inc.’s holdings in Toyota Motor were worth $7,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in Toyota Motor by 4.3% in the 2nd quarter. Fisher Asset Management LLC now owns 4,633,967 shares of the company’s stock worth $810,203,000 after buying an additional 190,642 shares during the period. Northern Trust Corp boosted its holdings in Toyota Motor by 1.2% in the 1st quarter. Northern Trust Corp now owns 1,332,415 shares of the company’s stock worth $207,936,000 after buying an additional 15,903 shares during the period. BlackRock Inc. boosted its holdings in Toyota Motor by 76,862.3% in the 1st quarter. BlackRock Inc. now owns 724,215 shares of the company’s stock worth $113,021,000 after buying an additional 723,274 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Toyota Motor by 14.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 669,018 shares of the company’s stock worth $104,407,000 after buying an additional 82,394 shares during the period. Finally, Cullen Capital Management LLC boosted its holdings in Toyota Motor by 21.8% in the 2nd quarter. Cullen Capital Management LLC now owns 451,497 shares of the company’s stock worth $78,940,000 after buying an additional 80,753 shares during the period. 1.24% of the stock is owned by hedge funds and other institutional investors.

Shares of TM stock opened at $181.59 on Thursday. The stock has a market cap of $253.86 billion, a P/E ratio of 9.14, a PEG ratio of 0.39 and a beta of 0.55. Toyota Motor Co. has a 52 week low of $129.28 and a 52 week high of $185.99. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $178.22 and its two-hundred day simple moving average is $168.49.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, August 4th. The company reported $5.87 EPS for the quarter, topping the consensus estimate of $4.68 by $1.19. The business had revenue of $72.50 billion for the quarter, compared to analysts’ expectations of $68.91 billion. Toyota Motor had a net margin of 9.76% and a return on equity of 12.76%. On average, analysts anticipate that Toyota Motor Co. will post 19.73 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating and set a $206.00 target price for the company in a report on Tuesday, July 27th.

Toyota Motor Profile

Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive, Financial Services, and All Other. The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and related vehicle parts and accessories.

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

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