Martin Investment Management LLC raised its stake in Toyota Motor Corp Ltd Ord (NYSE:TM) by 7.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,880 shares of the company’s stock after buying an additional 6,460 shares during the period. Toyota Motor Corp Ltd Ord makes up about 2.7% of Martin Investment Management LLC’s holdings, making the stock its 27th largest position. Martin Investment Management LLC’s holdings in Toyota Motor Corp Ltd Ord were worth $9,649,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Toyota Motor Corp Ltd Ord by 63.6% in the second quarter. Parallel Advisors LLC now owns 1,042 shares of the company’s stock worth $118,000 after buying an additional 405 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Toyota Motor Corp Ltd Ord by 76.8% in the first quarter. Proficio Capital Partners LLC now owns 1,710 shares of the company’s stock worth $184,000 after buying an additional 743 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Toyota Motor Corp Ltd Ord by 343.9% in the first quarter. Westside Investment Management Inc. now owns 1,900 shares of the company’s stock worth $202,000 after buying an additional 1,472 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Toyota Motor Corp Ltd Ord by 2.1% in the second quarter. Wesbanco Bank Inc. now owns 1,930 shares of the company’s stock worth $203,000 after buying an additional 40 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Toyota Motor Corp Ltd Ord by 1.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,882 shares of the company’s stock worth $204,000 after buying an additional 35 shares during the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Corp Ltd Ord (NYSE:TM) opened at 113.03 on Friday. Toyota Motor Corp Ltd Ord has a 12-month low of $103.62 and a 12-month high of $123.18. The firm has a 50 day moving average of $112.09 and a 200-day moving average of $109.62. The stock has a market cap of $168.13 billion, a PE ratio of 9.93 and a beta of 0.61.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/03/martin-investment-management-llc-boosts-stake-in-toyota-motor-corp-ltd-ord-tm.html.

TM has been the subject of a number of analyst reports. TheStreet raised shares of Toyota Motor Corp Ltd Ord from a “c+” rating to a “b” rating in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a research report on Monday, June 5th. Jefferies Group LLC set a $116.00 price target on shares of Toyota Motor Corp Ltd Ord and gave the stock a “hold” rating in a report on Saturday, June 10th. BidaskClub raised shares of Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Daiwa Capital Markets cut shares of Toyota Motor Corp Ltd Ord from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $115.07.

About Toyota Motor Corp Ltd Ord

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

Want to see what other hedge funds are holding TM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toyota Motor Corp Ltd Ord (NYSE:TM).

Institutional Ownership by Quarter for Toyota Motor Corp Ltd Ord (NYSE:TM)

Receive News & Stock Ratings for Toyota Motor Corp Ltd Ord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toyota Motor Corp Ltd Ord and related stocks with our FREE daily email newsletter.