Meridian Investment Counsel Inc. Buys 3,505 Shares of Toyota Motor Co. (NYSE:TM)

Meridian Investment Counsel Inc. raised its holdings in Toyota Motor Co. (NYSE:TM - Free Report) by 96.7% during the 3rd quarter, according to its most recent disclosure 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TM. International Assets Investment Management LLC raised its stake in Toyota Motor by 34,303.6% in the third quarter. International Assets Investment Management LLC now owns 417,660 shares of the company's stock valued at $74,582,000 after buying an additional 416,446 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Toyota Motor during the third quarter worth approximately $58,660,000. Captrust Financial Advisors increased its stake 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 worth $110,168,000 after purchasing an additional 228,434 shares during the period. HITE Hedge Asset Management LLC increased its stake in shares of Toyota Motor by 1,415.4% during the second quarter. HITE Hedge Asset Management LLC now owns 119,184 shares of the company's stock worth $24,429,000 after purchasing an additional 111,319 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Toyota Motor during the second quarter worth approximately $16,603,000. Institutional investors own 1.48% of the company's stock.

Toyota Motor Stock Performance

Shares of NYSE TM traded down $0.64 during trading hours on Friday, reaching $172.84. 282,329 shares of the stock were exchanged, compared to its average volume of 324,715. The firm has a market capitalization of $232.89 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 0.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23. Toyota Motor Co. has a 52 week low of $159.04 and a 52 week high of $255.23. The stock's fifty day simple moving average is $175.80 and its 200 day simple moving average is $191.93.

Toyota Motor (NYSE:TM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing analysts' consensus estimates of $4.39 by ($1.49). The firm had revenue of $76.92 billion for 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%. Sell-side analysts predict that Toyota Motor Co. will post 21.7 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.