Lenox Wealth Management Inc. boosted its holdings in shares of Toyota Motor Corp (NYSE:TM) by 59.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,307 shares of the company’s stock after purchasing an additional 859 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Toyota Motor were worth $310,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TM. TRUE Private Wealth Advisors purchased a new position in Toyota Motor during the 2nd quarter valued at approximately $30,000. Quest Capital Management Inc. ADV purchased a new position in Toyota Motor during the 3rd quarter valued at approximately $35,000. Griffin Asset Management Inc. purchased a new position in Toyota Motor during the 2nd quarter valued at approximately $37,000. Stonebridge Capital Advisors LLC purchased a new position in Toyota Motor during the 2nd quarter valued at approximately $46,000. Finally, Banco de Sabadell S.A purchased a new position in Toyota Motor during the 2nd quarter valued at approximately $55,000. 0.82% of the stock is currently owned by institutional investors.
TM has been the subject of a number of recent research reports. Zacks Investment Research cut Toyota Motor from a “hold” rating to a “sell” rating and set a $140.00 target price for the company. in a report on Monday, September 9th. Morgan Stanley cut Toyota Motor from an “equal” rating to an “underweight” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $140.00.
Toyota Motor Company Profile
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.
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