Meridian Investment Counsel Inc. Raises Stock Holdings in Toyota Motor Co. (NYSE:TM)

Meridian Investment Counsel Inc. raised its position in shares of Toyota Motor Co. (NYSE:TM) by 96.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,130 shares of the company’s stock after buying an additional 3,505 shares during the period. Meridian Investment Counsel Inc.’s holdings in Toyota Motor were worth $1,273,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Toyota Motor by 34,303.6% during the 3rd quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock valued at $74,582,000 after purchasing an additional 416,446 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of Toyota Motor during the third quarter valued at approximately $58,660,000. Captrust Financial Advisors raised its holdings in shares of Toyota Motor by 109.1% during the first quarter. Captrust Financial Advisors now owns 437,732 shares of the company’s stock valued at $110,168,000 after acquiring an additional 228,434 shares in the last quarter. HITE Hedge Asset Management LLC lifted its stake in Toyota Motor by 1,415.4% in the second quarter. HITE Hedge Asset Management LLC now owns 119,184 shares of the company’s stock worth $24,429,000 after acquiring an additional 111,319 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Toyota Motor in the second quarter valued at $16,603,000. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Down 0.4 %

Shares of NYSE TM opened at $172.79 on Friday. The firm has a fifty day simple moving average of $175.80 and a two-hundred day simple moving average of $191.93. Toyota Motor Co. has a 12 month low of $159.04 and a 12 month high of $255.23. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $232.82 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 0.30 and a beta of 0.68.

Toyota Motor (NYSE:TM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). The company had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. Equities analysts expect that Toyota Motor Co. will post 21.7 earnings per share for the current year.

Toyota Motor Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.