Toyota Motor Corporation (NYSE:TM) Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. decreased its stake in shares of Toyota Motor Corporation (NYSE:TM - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,472 shares of the company's stock after selling 1,574 shares during the period. Salem Investment Counselors Inc.'s holdings in Toyota Motor were worth $966,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Wood Tarver Financial Group LLC purchased a new stake in Toyota Motor during the 4th quarter worth about $29,000. Parvin Asset Management LLC acquired a new stake in shares of Toyota Motor during the 4th quarter worth about $32,000. Roxbury Financial LLC purchased a new stake in shares of Toyota Motor during the fourth quarter worth about $41,000. Sierra Ocean LLC acquired a new position in shares of Toyota Motor in the fourth quarter valued at approximately $53,000. Finally, BankPlus Trust Department acquired a new position in shares of Toyota Motor in the fourth quarter valued at approximately $58,000. 1.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Toyota Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. DZ Bank cut Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Toyota Motor presently has an average rating of "Hold".

Toyota Motor Trading Down 2.1%

Shares of NYSE TM traded down $3.79 on Tuesday, reaching $173.88. 555,313 shares of the company traded hands, compared to its average volume of 380,928. The stock has a market capitalization of $234.29 billion, a PE ratio of 7.69 and a beta of 0.65. Toyota Motor Corporation has a fifty-two week low of $155.00 and a fifty-two week high of $208.86. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $183.95 and a 200 day moving average of $183.43.

Toyota Motor (NYSE:TM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, topping the consensus estimate of $2.92 by $0.47. The firm had revenue of $81.09 billion during the quarter, compared to analyst estimates of $78.47 billion. Toyota Motor had a net margin of 9.89% and a return on equity of 13.01%. On average, equities research analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

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.