Toyota Motor (NYSE:TM) President Kenta Kon Buys 85,000 Shares of Stock

Toyota Motor Corporation (NYSE:TM) President Kenta Kon bought 85,000 shares of Toyota Motor stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the purchase, the president owned 148,100 shares of the company’s stock, valued at approximately $2,726,521. This trade represents a 134.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Toyota Motor Price Performance

Toyota Motor stock opened at $187.81 on Friday. The firm has a 50-day moving average price of $178.08 and a 200-day moving average price of $201.67. The firm has a market capitalization of $244.78 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.12 and a debt-to-equity ratio of 0.68. Toyota Motor Corporation has a 12-month low of $166.10 and a 12-month high of $248.90.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The firm 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%. As a group, equities research analysts forecast that Toyota Motor Corporation will post 20.05 EPS for the current year.

Institutional Investors Weigh In On Toyota Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TM. Morgan Stanley increased its holdings 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 purchasing an additional 279,110 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Toyota Motor by 3,027.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after purchasing an additional 244,684 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Toyota Motor by 717.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after buying an additional 128,128 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Toyota Motor by 116.3% in the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after buying an additional 124,520 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Toyota Motor by 1,509.1% during the 3rd quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock worth $19,215,000 after buying an additional 94,305 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings lowered Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Finally, Morgan Stanley began coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Company Profile

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.