Salem Investment Counselors Inc. Purchases 1,224 Shares of Toyota Motor Co. (NYSE:TM)

Salem Investment Counselors Inc. grew its position in Toyota Motor Co. (NYSE:TM) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,046 shares of the company’s stock after purchasing an additional 1,224 shares during the period. Salem Investment Counselors Inc.’s holdings in Toyota Motor were worth $1,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in Toyota Motor during the 3rd quarter worth approximately $27,000. Jamison Private Wealth Management Inc. lifted its position in shares of Toyota Motor by 300.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares in the last quarter. Modus Advisors LLC acquired a new position in Toyota Motor during the fourth quarter worth $31,000. Grove Bank & Trust bought a new position in Toyota Motor in the third quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. increased its stake in Toyota Motor by 188.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company’s stock valued at $52,000 after buying an additional 192 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Stock Down 0.0 %

Shares of TM stock opened at $183.46 on Tuesday. Toyota Motor Co. has a 52-week low of $159.04 and a 52-week high of $255.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23. The stock has a market cap of $247.20 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.31 and a beta of 0.63. The firm’s 50-day moving average is $179.62 and its 200-day moving average is $182.29.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $79.78 billion. Sell-side analysts predict that Toyota Motor Co. will post 21.56 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.

Toyota Motor Company 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.