Truist Financial Corp Acquires 458 Shares of Toyota Motor Co. (NYSE:TM)

Truist Financial Corp boosted its holdings in Toyota Motor Co. (NYSE:TM) by 5.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,764 shares of the company’s stock after acquiring an additional 458 shares during the period. Truist Financial Corp’s holdings in Toyota Motor were worth $1,706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Toyota Motor by 35.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,798 shares of the company’s stock worth $1,035,000 after acquiring an additional 1,509 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Toyota Motor by 21.2% during the 3rd quarter. Private Advisor Group LLC now owns 6,487 shares of the company’s stock valued at $1,158,000 after purchasing an additional 1,134 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Toyota Motor by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,767 shares of the company’s stock worth $851,000 after purchasing an additional 79 shares in the last quarter. Highline Wealth Partners LLC bought a new position in Toyota Motor in the 3rd quarter valued at approximately $27,000. Finally, HM Payson & Co. acquired a new stake in Toyota Motor in the third quarter valued at approximately $54,000. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

Shares of TM stock opened at $182.39 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. The company has a market cap of $245.76 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.35 and a beta of 0.63. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23. The firm has a 50-day moving average of $186.28 and a 200-day moving average of $180.13.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.