Oppenheimer & Co. Inc. Invests $239,000 in Toyota Motor Corporation (NYSE:TM)

Oppenheimer & Co. Inc. bought a new position in Toyota Motor Corporation (NYSE:TM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,353 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Toyota Motor in the first quarter worth $373,000. FNY Investment Advisers LLC lifted its holdings in shares of Toyota Motor by 50.0% in the first quarter. FNY Investment Advisers LLC now owns 9,000 shares of the company’s stock worth $1,588,000 after buying an additional 3,000 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in shares of Toyota Motor in the first quarter worth $506,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Toyota Motor by 17.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 71,891 shares of the company’s stock worth $13,991,000 after buying an additional 10,576 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Toyota Motor by 14.9% in the fourth quarter. JPMorgan Chase & Co. now owns 59,802 shares of the company’s stock worth $11,638,000 after buying an additional 7,744 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TM shares. Sanford C. Bernstein initiated coverage on shares of Toyota Motor in a report on Monday, April 14th. They issued a “market perform” rating on the stock. DZ Bank cut shares of Toyota Motor from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Toyota Motor Trading Up 1.6%

Shares of TM opened at $174.80 on Friday. The company’s fifty day moving average is $183.29 and its 200 day moving average is $183.11. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $208.86. The stock has a market capitalization of $235.53 billion, a PE ratio of 7.73 and a beta of 0.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.26.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.47. Toyota Motor had a net margin of 9.89% and a return on equity of 13.01%. The company had revenue of $81.09 billion for the quarter, compared to analysts’ expectations of $78.47 billion. Sell-side analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal 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.