American Century Companies Inc. Purchases 51,284 Shares of Toyota Motor Corporation $TM

American Century Companies Inc. boosted its position in Toyota Motor Corporation (NYSE:TM) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,180 shares of the company’s stock after acquiring an additional 51,284 shares during the period. American Century Companies Inc.’s holdings in Toyota Motor were worth $63,476,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TM. Grey Ledge Advisors LLC purchased a new position in Toyota Motor during the 3rd quarter worth $1,556,000. Quadrant Capital Group LLC lifted its position in shares of Toyota Motor by 4.6% during the second quarter. Quadrant Capital Group LLC now owns 31,640 shares of the company’s stock valued at $5,450,000 after purchasing an additional 1,391 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Toyota Motor by 22,450.6% during the third quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock valued at $3,663,000 after purchasing an additional 19,083 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Toyota Motor by 21.4% during the second quarter. Rockefeller Capital Management L.P. now owns 17,062 shares of the company’s stock worth $2,939,000 after purchasing an additional 3,012 shares during the last quarter. Finally, Cullen Capital Management LLC grew its position in Toyota Motor by 25.2% in the 3rd quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after purchasing an additional 39,620 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TM shares. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Wall Street Zen lowered Toyota Motor from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. BNP Paribas Exane started coverage on shares of Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target on the stock. Finally, DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Up 0.2%

Toyota Motor stock opened at $232.71 on Thursday. The firm has a 50 day simple moving average of $230.45 and a 200 day simple moving average of $211.04. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. Toyota Motor Corporation has a 1-year low of $155.00 and a 1-year high of $248.90. The firm has a market capitalization of $303.30 billion, a price-to-earnings ratio of 12.27 and a beta of 0.60.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Friday, February 6th. The company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The firm had revenue of $76.37 billion during the quarter, compared to analyst estimates of $82 billion. On average, analysts predict that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

Toyota Motor 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.