Meridian Investment Counsel Inc. Grows Stake in Toyota Motor Co. (NYSE:TM)

Meridian Investment Counsel Inc. lifted its holdings in shares of Toyota Motor Co. (NYSE:TM) by 96.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 hedge funds have also bought and sold shares of the company. Altrius Capital Management Inc grew its holdings in shares of Toyota Motor by 11.1% in the third quarter. Altrius Capital Management Inc now owns 42,773 shares of the company’s stock worth $7,638,000 after acquiring an additional 4,274 shares during the period. Community Bank & Trust Waco Texas increased its holdings in Toyota Motor by 6.4% during the third quarter. Community Bank & Trust Waco Texas now owns 6,150 shares of the company’s stock valued at $1,098,000 after buying an additional 368 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in Toyota Motor by 3.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,462 shares of the company’s stock worth $440,000 after acquiring an additional 78 shares during the period. Vantage Investment Partners LLC purchased a new position in shares of Toyota Motor during the 3rd quarter worth $5,179,000. Finally, Crossmark Global Holdings Inc. grew its position in shares of Toyota Motor by 9.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 58,120 shares of the company’s stock valued at $10,379,000 after acquiring an additional 5,010 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Down 0.4 %

NYSE:TM opened at $172.79 on Friday. The firm has a market capitalization of $232.82 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.30 and a beta of 0.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. The business has a fifty day moving average price of $175.80 and a 200-day moving average price of $191.93. Toyota Motor Co. has a one year low of $159.04 and a one year high of $255.23.

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