Moran Wealth Management LLC Purchases 10,545 Shares of Toyota Motor Co. (NYSE:TM)

Moran Wealth Management LLC grew its position in shares of Toyota Motor Co. (NYSE:TM) by 62.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,433 shares of the company’s stock after acquiring an additional 10,545 shares during the quarter. Moran Wealth Management LLC’s holdings in Toyota Motor were worth $4,899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TM. Pathway Financial Advisers LLC purchased a new stake in Toyota Motor during the 1st quarter valued at $30,000. POM Investment Strategies LLC raised its holdings in Toyota Motor by 292.1% during the 2nd quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock valued at $31,000 after buying an additional 111 shares during the period. Highline Wealth Partners LLC purchased a new stake in Toyota Motor during the 3rd quarter valued at $27,000. Jamison Private Wealth Management Inc. raised its holdings in Toyota Motor by 300.0% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 126 shares during the period. Finally, Mather Group LLC. raised its holdings in Toyota Motor by 113.9% during the 2nd quarter. Mather Group LLC. now owns 169 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the period. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Stock Performance

NYSE:TM opened at $172.95 on Thursday. The stock’s fifty day moving average is $175.76 and its 200 day moving average is $190.52. Toyota Motor Co. has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The firm has a market capitalization of $233.04 billion, a PE ratio of 8.22, a PEG ratio of 0.31 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing the consensus estimate of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The company had revenue of $76.92 billion for the quarter, compared to analysts’ expectations of $79.78 billion. On average, sell-side analysts anticipate that Toyota Motor Co. will post 21.7 earnings per share 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.