Wellington Shields Capital Management LLC Takes $268,000 Position in Toyota Motor Co. (NYSE:TM)

Wellington Shields Capital Management LLC purchased a new position in shares of Toyota Motor Co. (NYSE:TM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,066 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Counselors Inc. bought a new stake in shares of Toyota Motor during the 1st quarter worth approximately $222,000. Baron Silver Stevens Financial Advisors LLC bought a new stake in Toyota Motor during the first quarter worth $228,000. Pittenger & Anderson Inc. lifted its stake in Toyota Motor by 1.6% during the first quarter. Pittenger & Anderson Inc. now owns 23,570 shares of the company’s stock worth $5,932,000 after purchasing an additional 360 shares during the last quarter. BNP Paribas acquired a new stake in shares of Toyota Motor in the 1st quarter valued at $101,000. Finally, Family Firm Inc. bought a new position in shares of Toyota Motor in the 1st quarter valued at $213,000. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

NYSE:TM traded up $4.13 on Wednesday, hitting $205.80. The company had a trading volume of 96,704 shares, compared to its average volume of 295,198. The firm has a 50 day moving average of $211.59 and a two-hundred day moving average of $218.63. The stock has a market capitalization of $277.30 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 0.35 and a beta of 0.68. Toyota Motor Co. has a 52 week low of $157.50 and a 52 week high of $255.23. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60.

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

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank restated 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.