Choate Investment Advisors Invests $321,000 in Toyota Motor Co. (NYSE:TM)

Choate Investment Advisors purchased a new stake in shares of Toyota Motor Co. (NYSE:TM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,649 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TM. Modus Advisors LLC purchased a new stake in shares of Toyota Motor during the fourth quarter valued at approximately $31,000. Trust Co. of Vermont increased its position in Toyota Motor by 113.3% in the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock worth $31,000 after buying an additional 85 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Toyota Motor in the fourth quarter worth $41,000. Newbridge Financial Services Group Inc. purchased a new stake in Toyota Motor in the fourth quarter worth $42,000. Finally, GPS Wealth Strategies Group LLC increased its position in Toyota Motor by 800.0% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock worth $44,000 after buying an additional 200 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

Toyota Motor stock opened at $188.50 on Tuesday. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23. The business has a fifty day moving average price of $185.30 and a 200-day moving average price of $180.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. The firm has a market capitalization of $253.99 billion, a P/E ratio of 7.78, a PEG ratio of 0.35 and a beta of 0.63.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. As a group, equities research analysts forecast that Toyota Motor Co. will post 19.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TM. CLSA downgraded Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th. Finally, StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.

About Toyota Motor

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.