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

Salem Investment Counselors Inc. decreased its stake in Toyota Motor Co. (NYSE:TM - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TM. Fisher Asset Management LLC boosted its holdings in Toyota Motor by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company's stock worth $1,341,254,000 after acquiring an additional 129,560 shares in the last quarter. Northern Trust Corp grew its stake in shares of Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company's stock worth $187,099,000 after acquiring an additional 384,149 shares in the last quarter. FMR LLC increased its stake in Toyota Motor by 14.3% in the 4th quarter. FMR LLC now owns 563,437 shares of the company's stock valued at $109,651,000 after buying an additional 70,644 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Toyota Motor by 22,846.4% during the first quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock worth $86,726,000 after acquiring an additional 489,142 shares during the period. Finally, SRB Corp increased its position in shares of Toyota Motor by 2.0% during the 4th quarter. SRB Corp now owns 398,656 shares of the company's stock valued at $77,582,000 after purchasing an additional 7,708 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein began coverage on shares of Toyota Motor in a research report on Monday, April 14th. They set a "market perform" rating for the company. DZ Bank downgraded shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Toyota Motor Price Performance

Shares of TM stock traded down $3.30 during trading hours on Friday, hitting $178.69. The stock had a trading volume of 431,852 shares, compared to its average volume of 380,719. Toyota Motor Co. has a one year low of $155.00 and a one year high of $208.86. The stock has a market capitalization of $240.76 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.35 and a beta of 0.65. The stock's 50-day moving average price is $183.59 and its two-hundred day moving average price is $183.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06.

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