Meridian Investment Counsel Inc. Has $1.17 Million Stock Holdings in Toyota Motor Co. (NYSE:TM)

Meridian Investment Counsel Inc. lowered its stake in Toyota Motor Co. (NYSE:TM) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,028 shares of the company’s stock after selling 1,102 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Toyota Motor were worth $1,173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TM. Modus Advisors LLC bought a new position in Toyota Motor during the fourth quarter worth about $31,000. Trust Co. of Vermont grew its holdings in Toyota Motor by 113.3% during the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock valued at $31,000 after purchasing an additional 85 shares during the period. Roxbury Financial LLC bought a new position in shares of Toyota Motor during the fourth quarter worth $41,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Toyota Motor in the 4th quarter valued at $42,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Toyota Motor by 800.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock valued at $44,000 after buying an additional 200 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TM shares. Macquarie upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 4th. StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, CLSA cut Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th.

Toyota Motor Trading Down 2.6 %

Shares of Toyota Motor stock opened at $179.20 on Monday. Toyota Motor Co. has a 1 year low of $159.04 and a 1 year high of $248.47. The company has a market capitalization of $241.46 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 0.35 and a beta of 0.63. The business has a fifty day simple moving average of $185.84 and a two-hundred day simple moving average of $181.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, February 5th. The company reported $9.98 EPS for the quarter, topping the consensus estimate of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%. Research analysts forecast that Toyota Motor Co. will post 19.76 EPS for the current year.

About Toyota Motor

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.