Martin Investment Management LLC cut its holdings in shares of Toyota Motor Corporation (NYSE:TM – Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,084 shares of the company’s stock after selling 7,720 shares during the period. Toyota Motor accounts for approximately 5.1% of Martin Investment Management LLC’s investment portfolio, making the stock its 7th biggest holding. Martin Investment Management LLC’s holdings in Toyota Motor were worth $19,997,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Clark Capital Management Group Inc. increased its position in Toyota Motor by 61.9% during the 1st quarter. Clark Capital Management Group Inc. now owns 224,583 shares of the company’s stock valued at $39,646,000 after buying an additional 85,835 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Toyota Motor by 7.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,124,364 shares of the company’s stock worth $198,484,000 after acquiring an additional 81,139 shares during the last quarter. Northern Trust Corp grew its stake in shares of Toyota Motor by 3.6% during the first quarter. Northern Trust Corp now owns 996,111 shares of the company’s stock worth $175,843,000 after acquiring an additional 34,708 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Toyota Motor by 8.5% during the first quarter. Natixis Advisors LLC now owns 426,238 shares of the company’s stock valued at $75,244,000 after acquiring an additional 33,236 shares in the last quarter. Finally, Vantage Investment Partners LLC raised its position in shares of Toyota Motor by 53.2% in the 2nd quarter. Vantage Investment Partners LLC now owns 85,781 shares of the company’s stock valued at $14,777,000 after purchasing an additional 29,802 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.
Toyota Motor Stock Down 0.5%
Shares of TM stock opened at $202.02 on Friday. Toyota Motor Corporation has a twelve month low of $155.00 and a twelve month high of $211.24. The stock has a market cap of $272.20 billion, a P/E ratio of 9.74 and a beta of 0.63. The stock has a 50 day moving average of $198.84 and a 200 day moving average of $189.06. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a research note on Saturday. Erste Group Bank upgraded Toyota Motor from a “hold” rating to a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, October 8th. Sanford C. Bernstein raised Toyota Motor from a “market perform” rating to an “outperform” rating in a report on Monday, August 18th. Finally, Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on Toyota Motor
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.
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