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

Weaver C. Barksdale & Associates Inc. trimmed its position in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,691 shares of the bank’s stock after selling 652 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Toronto-Dominion Bank were worth $1,368,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Toronto-Dominion Bank in the 4th quarter valued at about $416,000. Cerity Partners LLC raised its stake in Toronto-Dominion Bank by 57.1% in the third quarter. Cerity Partners LLC now owns 26,755 shares of the bank’s stock valued at $1,693,000 after purchasing an additional 9,725 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Toronto-Dominion Bank by 61.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,011,579 shares of the bank’s stock valued at $380,118,000 after purchasing an additional 2,279,864 shares during the last quarter. FMR LLC grew its stake in Toronto-Dominion Bank by 9.9% in the 3rd quarter. FMR LLC now owns 6,553,761 shares of the bank’s stock worth $414,417,000 after buying an additional 587,947 shares in the last quarter. Finally, Nicola Wealth Management LTD. increased its holdings in shares of Toronto-Dominion Bank by 15.5% in the 4th quarter. Nicola Wealth Management LTD. now owns 510,002 shares of the bank’s stock worth $27,153,000 after buying an additional 68,400 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.

Toronto-Dominion Bank Stock Up 0.7 %

Shares of Toronto-Dominion Bank stock opened at $60.95 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.03 and a current ratio of 1.03. The Toronto-Dominion Bank has a 52-week low of $51.25 and a 52-week high of $64.91. The company’s 50 day moving average price is $58.71 and its 200-day moving average price is $57.62. The stock has a market capitalization of $106.80 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.83.

Toronto-Dominion Bank Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be given a $0.7278 dividend. This represents a $2.91 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is 85.29%.

Wall Street Analyst Weigh In

TD has been the topic of a number of research analyst reports. Bank of America raised Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Scotiabank cut Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average price target of $80.50.

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.