Parr Mcknight Wealth Management Group LLC Invests $347,000 in Toyota Motor Co. (NYSE:TM)

Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Toyota Motor Co. (NYSE:TM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,783 shares of the company's stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TM. Parvin Asset Management LLC bought a new position in Toyota Motor during the fourth quarter valued at $32,000. Roxbury Financial LLC bought a new position in Toyota Motor during the fourth quarter valued at $41,000. Newbridge Financial Services Group Inc. bought a new position in Toyota Motor during the fourth quarter valued at $42,000. GPS Wealth Strategies Group LLC grew its holdings in Toyota Motor by 800.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the period. Finally, Sierra Ocean LLC bought a new position in Toyota Motor during the fourth quarter valued at $53,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Price Performance

NYSE TM traded up $4.22 during trading hours on Tuesday, reaching $186.52. 330,978 shares of the stock traded hands, compared to its average volume of 374,869. The stock has a 50 day simple moving average of $181.57 and a two-hundred day simple moving average of $182.25. Toyota Motor Co. has a 1 year low of $155.00 and a 1 year high of $219.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. The company has a market cap of $251.32 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 0.35 and a beta of 0.67.

Toyota Motor (NYSE:TM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.47. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. The business had revenue of $81.09 billion for the quarter, compared to the consensus estimate of $78.47 billion. On average, analysts predict that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TM shares. Macquarie raised Toyota Motor from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 4th. CLSA lowered Toyota Motor from an "outperform" rating to a "hold" rating in a research note on Wednesday, February 5th. Sanford C. Bernstein began coverage on Toyota Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company. Finally, DZ Bank lowered Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold".

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.