Weaver C. Barksdale & Associates Inc. Trims Holdings in The Toronto-Dominion Bank (NYSE:TD)

Weaver C. Barksdale & Associates Inc. decreased its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,345 shares of the bank’s stock after selling 472 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Toronto-Dominion Bank were worth $1,503,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Toronto-Dominion Bank in the first quarter valued at about $29,000. LifeSteps Financial Inc. bought a new stake in Toronto-Dominion Bank during the 1st quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new position in Toronto-Dominion Bank in the 2nd quarter worth approximately $31,000. Optiver Holding B.V. bought a new position in Toronto-Dominion Bank in the 4th quarter worth approximately $39,000. Finally, Blue Trust Inc. grew its holdings in Toronto-Dominion Bank by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 630 shares of the bank’s stock valued at $38,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Trading Up 2.9 %

TD opened at $64.41 on Friday. The stock has a 50-day moving average of $59.07 and a 200 day moving average of $57.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The Toronto-Dominion Bank has a 12 month low of $53.52 and a 12 month high of $65.12. The firm has a market cap of $112.55 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.84 and a beta of 0.81.

Toronto-Dominion Bank (NYSE:TD) (TSE:TD) last released its earnings results on Thursday, August 22nd. The bank reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.56. Toronto-Dominion Bank had a net margin of 6.94% and a return on equity of 14.34%. The firm had revenue of $14.18 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter last year, the business earned $1.48 EPS. The business’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts forecast that The Toronto-Dominion Bank will post 5.84 EPS for the current year.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.739 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, October 10th. Toronto-Dominion Bank’s payout ratio is currently 68.64%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TD shares. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Thursday, August 22nd. BMO Capital Markets dropped their price objective on shares of Toronto-Dominion Bank from $86.00 to $84.00 and set a “market perform” rating for the company in a report on Friday, May 24th. Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, May 24th. UBS Group started coverage on Toronto-Dominion Bank in a research report on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Finally, National Bank Financial raised Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of $84.00.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.