Toyota Motor Corporation ADR (NYSE: TM) stock fell -2.94% on Monday to $187.68 against a previous-day closing price of $193.36. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. The 52-week range on TM shows that it touched its highest point at $195.65 and its lowest point at $132.35 during that stretch. It currently has a 1-year price target of $205.29. With its current market cap of 253.63 billion, TM has annualized dividend of $5.29 while the current yield stands at 2.82%. Beta for the stock currently stands at 0.68.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TM was down-trending over the past week, with a drop of -0.03%, but this was up by 8.19% over a month. Three-month performance surged to 13.75% while six-month performance rose 32.93%. The stock gained 31.31% in the past year, while it has gained 37.41% so far this year. A look at the trailing 12-month EPS for TM yields 20.42 with Next year EPS estimates of 19.85. For the next quarter, that number is 5.24. This implies an EPS growth rate of 47.88% for this year and 0.56% for next year. EPS is expected to grow by 16.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.71%.
Float and Shares Shorts:
At present, 1.36 billion TM shares are outstanding with a float of 1.35 billion shares on hand for trading. On Oct 30, 2023, short shares totaled 0.9 million, which was 0.07% higher than short shares on Sep 28, 2023. In addition to Mr. Koji Sato as the firm’s President, CEO, Operating Officer & Director, Mr. Yoichi Miyazaki serves as its Operating Officer, EVP, Chief Competitive Officer, CFO and President of Bus. Planning & Operation.
Institutional Ownership:
Through their ownership of 1.29% of TM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.06% of TM, in contrast to 0.08% held by mutual funds. As the largest shareholder in TM with 0.37% of the stake, Fisher Asset Management LLC holds 6,040,758 shares worth 6,040,758. A second-largest stockholder of TM, Parametric Portfolio Associates L, holds 1,226,043 shares, controlling over 0.08% of the firm’s shares. Goldman Sachs Asset Management LP is the third largest shareholder in TM, holding 883,967 shares or 0.05% stake. With a 0.02% stake in TM, the First Trust Value Line Dividend I is the largest stakeholder. A total of 356,562 shares are owned by the mutual fund manager. The DFA International Core Equity Por, which owns about 0.01% of TM stock, is the second-largest Mutual Fund holder. It holds 189,871 shares valued at 33.26 million. Avantis International Equity ETF holds 0.01% of the stake in TM, owning 115,789 shares worth 20.28 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TM analysts setting a high price target of $247.37 and a low target of $152.50, the average target price over the next 12 months is $205.29. Based on these targets, TM could surge 31.8% to reach the target high and fall by -18.74% to reach the target low. Reaching the average price target will result in a growth of 9.38% from current levels.
