Plimoth Trust Co. LLC Cuts Stock Position in Toronto Dominion Bank (The) (NYSE:TD)

Plimoth Trust Co. LLC cut its position in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,257 shares of the bank’s stock after selling 1,060 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Toronto Dominion Bank were worth $1,214,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new position in Toronto Dominion Bank during the fourth quarter valued at approximately $27,000. Financial Management Professionals Inc. boosted its stake in shares of Toronto Dominion Bank by 322.4% in the 1st quarter. Financial Management Professionals Inc. now owns 490 shares of the bank’s stock valued at $29,000 after purchasing an additional 374 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Toronto Dominion Bank in the 4th quarter valued at $32,000. CoreCap Advisors LLC grew its holdings in shares of Toronto Dominion Bank by 57.5% during the 4th quarter. CoreCap Advisors LLC now owns 630 shares of the bank’s stock valued at $34,000 after purchasing an additional 230 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Toronto Dominion Bank in the 4th quarter worth $39,000. 52.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TD has been the subject of several analyst reports. Wall Street Zen upgraded shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Royal Bank Of Canada increased their target price on Toronto Dominion Bank from $87.00 to $93.00 and gave the company a “sector perform” rating in a report on Friday, May 23rd. Finally, Scotiabank began coverage on Toronto Dominion Bank in a research report on Thursday, May 15th. They set a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $93.00.

Toronto Dominion Bank Price Performance

Shares of Toronto Dominion Bank stock opened at $71.30 on Thursday. The company’s fifty day simple moving average is $65.31 and its two-hundred day simple moving average is $59.82. Toronto Dominion Bank has a 12-month low of $51.25 and a 12-month high of $71.63. The firm has a market cap of $122.83 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.09.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its earnings results on Thursday, May 22nd. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. The company had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $13.36 billion. Toronto Dominion Bank had a return on equity of 13.11% and a net margin of 13.53%. During the same period last year, the firm earned $2.04 earnings per share. As a group, equities analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current year.

Toronto Dominion Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.7568 per share. The ex-dividend date is Thursday, July 10th. This is a boost from Toronto Dominion Bank’s previous quarterly dividend of $0.73. This represents a $3.03 annualized dividend and a dividend yield of 4.25%. Toronto Dominion Bank’s payout ratio is 42.82%.

Toronto Dominion Bank Company Profile

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.