Tradition Capital Management LLC Acquires 3,525 Shares of Toyota Motor Corp (TM)

Tradition Capital Management LLC lifted its holdings in shares of Toyota Motor Corp (NYSE:TM) by 14.8% in the 1st quarter, HoldingsChannel reports. The fund owned 27,375 shares of the company’s stock after purchasing an additional 3,525 shares during the period. Tradition Capital Management LLC’s holdings in Toyota Motor were worth $3,230,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Raymond James & Associates boosted its stake in Toyota Motor by 3.9% in the first quarter. Raymond James & Associates now owns 93,481 shares of the company’s stock valued at $11,033,000 after acquiring an additional 3,525 shares during the last quarter. Hutchinson Capital Management CA lifted its stake in Toyota Motor by 0.5% in the first quarter. Hutchinson Capital Management CA now owns 87,306 shares of the company’s stock worth $10,304,000 after acquiring an additional 394 shares during the period. Stevens Capital Management LP purchased a new stake in Toyota Motor in the first quarter worth about $308,000. Cornerstone Advisors Inc. lifted its stake in Toyota Motor by 50.9% in the first quarter. Cornerstone Advisors Inc. now owns 1,213 shares of the company’s stock worth $143,000 after acquiring an additional 409 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in Toyota Motor in the first quarter worth about $212,000. 0.71% of the stock is owned by institutional investors.

Shares of TM traded up $1.30 during midday trading on Wednesday, hitting $120.37. The company had a trading volume of 2,632 shares, compared to its average volume of 137,681. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a market capitalization of $173.74 billion, a PE ratio of 10.12, a PEG ratio of 2.55 and a beta of 0.70. Toyota Motor Corp has a 1 year low of $111.12 and a 1 year high of $137.66.

Several equities research analysts have commented on TM shares. ValuEngine lowered Toyota Motor from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Zacks Investment Research downgraded Toyota Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $138.00.

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About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

Further Reading: What is a Real Estate Investment Trust (REIT)?

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

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