Meridian Wealth Management LLC Acquires New Holdings in Toyota Motor Co. (NYSE:TM)

Meridian Wealth Management LLC acquired a new stake in Toyota Motor Co. (NYSE:TM) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,254 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Modus Advisors LLC acquired a new position in Toyota Motor during the 4th quarter worth approximately $31,000. Trust Co. of Vermont boosted its position in Toyota Motor by 113.3% during the 4th quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. Roxbury Financial LLC acquired a new position in Toyota Motor during the 4th quarter worth approximately $41,000. Newbridge Financial Services Group Inc. acquired a new position in Toyota Motor during the 4th quarter worth approximately $42,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Toyota Motor by 800.0% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock worth $44,000 after acquiring an additional 200 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Trading Up 6.6 %

NYSE TM opened at $192.50 on Thursday. The company has a market cap of $259.38 billion, a PE ratio of 7.95, a PEG ratio of 0.35 and a beta of 0.63. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. Toyota Motor Co. has a 12 month low of $159.04 and a 12 month high of $255.23. The stock has a 50 day moving average of $186.62 and a 200-day moving average of $180.39.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share for the quarter, beating analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities research analysts anticipate that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TM has been the subject of a number of recent research reports. StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. CLSA downgraded Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th.

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.