Toyota Motor (NYSE:TM) President Acquires $1,564,850.00 in Stock

Toyota Motor Corporation (NYSE:TMGet Free Report) President Kenta Kon acquired 85,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Toyota Motor Stock Performance

Shares of NYSE:TM opened at $190.25 on Friday. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90. The company’s 50 day moving average price is $178.09 and its two-hundred day moving average price is $201.59. The firm has a market cap of $247.96 billion, a PE ratio of 8.39, a PEG ratio of 1.27 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.17 and a debt-to-equity ratio of 0.68.

Toyota Motor (NYSE:TMGet Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The company had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. Equities research analysts predict that Toyota Motor Corporation will post 20.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TM. Brighton Jones LLC lifted its stake in Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after purchasing an additional 476 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Toyota Motor by 57.9% in the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after purchasing an additional 4,223 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Toyota Motor by 123.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock worth $490,000 after buying an additional 1,571 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Toyota Motor during the 2nd quarter worth $864,000. Finally, Brown Advisory Inc. lifted its position 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 worth $263,000 after buying an additional 230 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley assumed coverage on Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings cut shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Toyota Motor presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

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Toyota Motor Company Profile

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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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