Key Points
- Toyota President Kenta Kon purchased 85,000 shares at an average price of $18.41, investing approximately $1.56 million and increasing his direct ownership by 134.71% to 148,100 shares.
- Toyota shares opened at $187.81, with the company reporting quarterly EPS of $7.42 on $83.16 billion in revenue. Analysts expect full-year EPS of $20.05.
- Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $290, while several institutional investors recently increased their positions.
Toyota Motor Corporation (NYSE:TM - Get Free Report) President Kenta Kon bought 85,000 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were acquired at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the transaction, the president directly owned 148,100 shares in the company, valued at approximately $2,726,521. This trade represents a 134.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Toyota Motor Trading Up 1.0%
NYSE:TM opened at $187.81 on Friday. The firm has a 50-day simple moving average of $178.08 and a 200-day simple moving average of $201.67. Toyota Motor Corporation has a one year low of $166.10 and a one year high of $248.90. The firm has a market cap of $244.78 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.24 and a beta of 0.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.12 and a current ratio of 1.17.
Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The firm had revenue of $83.16 billion for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. Equities analysts anticipate that Toyota Motor Corporation will post 20.05 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on the company. Zacks Research raised Toyota Motor from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley assumed coverage on Toyota Motor in a research report on Friday, May 1st. They issued an "equal weight" rating for the company. Weiss Ratings cut Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, July 31st. Finally, Freedom Capital raised Toyota Motor from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $290.00.
Get Our Latest Report on TM
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company's stock valued at $517,000 after acquiring an additional 476 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Toyota Motor by 57.9% during the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company's stock worth $2,032,000 after purchasing an additional 4,223 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Toyota Motor by 123.4% during the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company's stock worth $490,000 after purchasing an additional 1,571 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Toyota Motor during the 2nd quarter valued at $864,000. Finally, Brown Advisory Inc. lifted its holdings in shares of Toyota Motor by 17.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company's stock valued at $263,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 1.48% of the company's stock.
Toyota Motor Company Profile
(
Get Free Report)
Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota's operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.
The company's product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.
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