American Century Companies Inc. Increases Holdings in Toyota Motor Co. (NYSE:TM)

Posted by Defense World Staff on Sep 2nd, 2023

American Century Companies Inc. lifted its position in Toyota Motor Co. (NYSE:TM – Free Report) by 26.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,822 shares of the company’s stock after buying an additional 24,511 shares during the period. American Century Companies Inc.’s holdings in Toyota Motor were worth $16,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in Toyota Motor in the first quarter worth about $527,000. Gabelli Funds LLC raised its position in Toyota Motor by 2.4% in the fourth quarter. Gabelli Funds LLC now owns 9,670 shares of the company’s stock worth $1,321,000 after acquiring an additional 230 shares during the period. Schechter Investment Advisors LLC boosted its stake in shares of Toyota Motor by 71.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 3,265 shares of the company’s stock worth $446,000 after acquiring an additional 1,364 shares during the last quarter. Argonautica Private Wealth Management Inc. bought a new stake in shares of Toyota Motor during the 4th quarter valued at $219,000. Finally, Kovack Advisors Inc. purchased a new stake in shares of Toyota Motor in the 1st quarter worth $204,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TM shares. Morgan Stanley downgraded Toyota Motor from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Citigroup raised shares of Toyota Motor from a “neutral” rating to a “buy” rating in a report on Thursday, June 29th. Finally, StockNews.com began coverage on shares of Toyota Motor in a report on Thursday, August 17th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Toyota Motor currently has an average rating of “Moderate Buy”.

View Our Latest Report on Toyota Motor

Toyota Motor Price Performance

NYSE:TM opened at $172.54 on Friday. The business’s 50-day simple moving average is $164.46 and its two-hundred day simple moving average is $149.25. Toyota Motor Co. has a 52 week low of $130.07 and a 52 week high of $175.37. The stock has a market cap of $233.76 billion, a PE ratio of 10.65, a P/E/G ratio of 0.49 and a beta of 0.67. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 0.58.

Toyota Motor (NYSE:TM – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The company reported $7.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $3.13. Toyota Motor had a net margin of 7.70% and a return on equity of 10.31%. The firm had revenue of $76.85 billion for the quarter, compared to analysts’ expectations of $69.98 billion. As a group, analysts forecast that Toyota Motor Co. will post 16.9 EPS for the current fiscal year.

Toyota Motor Profile

(Free Report)

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.