Veracity Capital LLC Takes $692,000 Position in Toyota Motor Co. (NYSE:TM)

Veracity Capital LLC acquired a new stake in Toyota Motor Co. (NYSE:TM) during the first quarter, Holdings Channel.com reports. The firm acquired 2,748 shares of the company’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Core Wealth Partners LLC purchased a new position in shares of Toyota Motor in the 1st quarter valued at $252,000. Community Bank & Trust Waco Texas grew its position in Toyota Motor by 2.4% during the 1st quarter. Community Bank & Trust Waco Texas now owns 4,692 shares of the company’s stock worth $1,181,000 after purchasing an additional 108 shares during the last quarter. Naviter Wealth LLC grew its position in Toyota Motor by 8.0% during the 1st quarter. Naviter Wealth LLC now owns 25,792 shares of the company’s stock worth $6,491,000 after purchasing an additional 1,915 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Toyota Motor by 14,462.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,330 shares of the company’s stock worth $586,000 after purchasing an additional 2,314 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its position in Toyota Motor by 15.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,495 shares of the company’s stock worth $376,000 after purchasing an additional 195 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Stock Performance

Toyota Motor stock traded up $0.04 during midday trading on Thursday, hitting $206.25. 212,267 shares of the company’s stock were exchanged, compared to its average volume of 325,133. Toyota Motor Co. has a 12-month low of $157.50 and a 12-month high of $255.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.19. The stock has a market cap of $277.91 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.35 and a beta of 0.68. The firm’s 50 day simple moving average is $213.35 and its 200 day simple moving average is $217.71.

Toyota Motor (NYSE:TM) last issued its earnings results on Wednesday, May 8th. The company reported $4.99 earnings per share for the quarter, beating the consensus estimate of $2.91 by $2.08. The business had revenue of $74.56 billion for the quarter, compared to the consensus estimate of $67.21 billion. Toyota Motor had a net margin of 10.99% and a return on equity of 14.82%. Equities research analysts predict that Toyota Motor Co. will post 22.07 EPS for the current year.

Analyst Ratings Changes

Separately, Erste Group Bank reissued a “hold” rating on shares of Toyota Motor in a research report on Friday, June 14th.

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.