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

Toyota Motor Corporation (NYSE:TMGet Free Report) President Kenta Kon bought 85,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the acquisition, the president owned 148,100 shares in the company, valued at $2,726,521. This represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Toyota Motor Stock Down 1.8%

NYSE TM opened at $185.80 on Thursday. Toyota Motor Corporation has a 52 week low of $166.10 and a 52 week high of $248.90. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $178.17 and its 200-day simple moving average is $201.98. The firm has a market cap of $242.16 billion, a PE ratio of 8.19, a P/E/G ratio of 1.26 and a beta of 0.56.

Toyota Motor (NYSE:TMGet Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 10.97%. The firm had revenue of $83.16 billion during the quarter. As a group, equities analysts anticipate that Toyota Motor Corporation will post 20.05 earnings per share for the current year.

Key Headlines Impacting Toyota Motor

Here are the key news stories impacting Toyota Motor this week:

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TM. Morgan Stanley assumed coverage on shares of Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Finally, Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Toyota Motor currently has an average rating of “Moderate Buy” and an average price target of $290.00.

Read Our Latest Stock Report on Toyota Motor

Institutional Trading of Toyota Motor

Several institutional investors have recently added to or reduced their stakes in TM. Fisher Asset Management LLC boosted its position in shares of Toyota Motor by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock worth $1,497,494,000 after buying an additional 86,474 shares during the period. Morgan Stanley lifted its stake in Toyota Motor by 13.0% during the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after acquiring an additional 279,110 shares in the last quarter. Bank of America Corp DE boosted its holdings in Toyota Motor by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after acquiring an additional 67,943 shares during the period. Northern Trust Corp grew its position in Toyota Motor by 3.6% in the 3rd quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after acquiring an additional 36,207 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Toyota Motor by 14.3% in the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after acquiring an additional 66,695 shares in the last quarter. Institutional investors and hedge funds 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.

Further Reading

Receive News & Ratings for Toyota Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toyota Motor and related companies with MarketBeat.com's FREE daily email newsletter.