Merit Financial Group LLC Makes New Investment in Toyota Motor Co. (NYSE:TM)

Merit Financial Group LLC bought a new position in Toyota Motor Co. (NYSE:TM) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,101 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in shares of Toyota Motor during the 3rd quarter worth $27,000. Jamison Private Wealth Management Inc. lifted its stake 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 valued at $30,000 after purchasing an additional 126 shares during the period. Modus Advisors LLC purchased a new stake in Toyota Motor during the fourth quarter worth about $31,000. Grove Bank & Trust acquired a new position in Toyota Motor during the third quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. grew its position in Toyota Motor by 188.2% during the third quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company’s stock worth $52,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Up 0.2 %

Shares of TM stock opened at $186.71 on Monday. The stock has a market cap of $251.58 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.36 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. Toyota Motor Co. has a fifty-two week low of $159.04 and a fifty-two week high of $255.23. The business has a fifty day simple moving average of $181.45 and a 200-day simple moving average of $181.15.

Toyota Motor (NYSE:TM) last posted its earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing the consensus estimate of $4.39 by ($1.49). The business had revenue of $76.92 billion for the quarter, compared to analysts’ expectations of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. On average, analysts forecast that Toyota Motor Co. will post 19.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.