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

Toyota Motor Corporation (NYSE:TMGet Free Report) President Kenta Kon purchased 85,000 shares of the business’s stock in a transaction on 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 completion of the acquisition, the president directly owned 148,100 shares of the company’s stock, valued at approximately $2,726,521. The trade was a 134.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Toyota Motor Stock Performance

Shares of TM opened at $185.80 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. 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 Corporation has a 12 month low of $166.10 and a 12 month high of $248.90. The stock has a fifty day moving average price of $178.17 and a 200-day moving average price of $201.98.

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

Toyota Motor News Roundup

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

Hedge Funds Weigh In On Toyota Motor

Institutional investors have recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Toyota Motor by 418.5% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after buying an additional 113 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Toyota Motor during the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC grew its stake in Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares in the last quarter. Larson Financial Group LLC raised its holdings in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after acquiring an additional 142 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in Toyota Motor by 10,000.0% in the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares in the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on Toyota Motor

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.

Further Reading

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