5 Most Profitable Large Cap Stocks to Buy

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In this article, we will take a look at the 5 most profitable large cap stocks to buy. To read our analysis of the recent trends, and market activity, you can go to the 14 Most Profitable Large Cap Stocks to Buy.

5. Toyota Motor Corporation (NYSE:TM)

Net Profit TTM: $26.96 billion

Number of Hedge Fund Holders: 15

Founded in 1937 and headquartered in Toyota City, Japan, Toyota Motor Corporation (NYSE:TM) is a global automotive industry leader manufacturing vehicles in 27 countries or regions and marketing the company’s products in over 170 countries and regions.

On October 26, Toyota Motor Corporation (NYSE:TM) released its financial results for six months ended September 30, 2023. Its revenue went up by 24% y-o-y to ¥22 trillion, while its net income surged by 117% y-o-y to ¥2.6 trillion.

As of Q3 2023, 15 hedge funds owned shares of Toyota Motor Corporation (NYSE:TM), valued at $1.1 billion. Ken Fisher’s Fisher Asset Management was the largest shareholder with ownership of 6.04 million shares valued at $1.1 billion.

Like other stocks such as Amazon.com, Inc. (NASDAQ:AMZN), NVIDIA Corporation (NASDAQ:NVDA), and Microsoft Corporation (NASDAQ:MSFT), Toyota Motor Corporation (NYSE:TM) is among the 14 most profitable large cap stocks to buy.

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