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

American Century Companies Inc. raised its position in Toyota Motor Corporation (NYSE:TM) by 18.3% in the 3rd quarter, Holdings Channel reports. The firm owned 332,180 shares of the company’s stock after buying an additional 51,284 shares during the quarter. American Century Companies Inc.’s holdings in Toyota Motor were worth $63,476,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Toyota Motor during the third quarter valued at $26,000. NewSquare Capital LLC increased its stake in Toyota Motor by 65.7% in the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock worth $39,000 after acquiring an additional 90 shares during the last quarter. Bangor Savings Bank raised its holdings in shares of Toyota Motor by 27.8% in the 3rd quarter. Bangor Savings Bank now owns 267 shares of the company’s stock valued at $51,000 after acquiring an additional 58 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Toyota Motor during the 2nd quarter valued at about $53,000. Finally, Richardson Financial Services Inc. boosted its position in shares of Toyota Motor by 134.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 286 shares of the company’s stock valued at $55,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $232.71 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The stock has a market cap of $303.30 billion, a PE ratio of 12.27 and a beta of 0.60. The company’s fifty day moving average is $230.45 and its 200 day moving average is $211.04. Toyota Motor Corporation has a 52 week low of $155.00 and a 52 week high of $248.90.

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

Analyst Upgrades and Downgrades

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

About Toyota Motor

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.