CMH Wealth Management LLC Reduces Position in Toronto Dominion Bank (The) $TD

CMH Wealth Management LLC decreased its holdings in shares of Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 17.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,260 shares of the bank’s stock after selling 5,335 shares during the period. CMH Wealth Management LLC’s holdings in Toronto Dominion Bank were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TD. Bayban purchased a new position in Toronto Dominion Bank during the fourth quarter valued at $28,000. Harvest Fund Management Co. Ltd increased its position in Toronto Dominion Bank by 112.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 317 shares of the bank’s stock worth $30,000 after buying an additional 168 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new stake in Toronto Dominion Bank in the fourth quarter worth about $34,000. Brown Lisle Cummings Inc. lifted its position in shares of Toronto Dominion Bank by 88.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 407 shares of the bank’s stock valued at $38,000 after buying an additional 191 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Toronto Dominion Bank by 660.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 525 shares of the bank’s stock valued at $38,000 after buying an additional 456 shares in the last quarter. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Toronto Dominion Bank Stock Performance

NYSE TD opened at $120.93 on Tuesday. 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 has a twelve month low of $72.78 and a twelve month high of $125.46. The business has a 50-day moving average price of $120.61 and a 200-day moving average price of $109.47. The firm has a market cap of $198.91 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last issued its earnings results on Thursday, August 27th. The bank reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.24. Toronto Dominion Bank had a return on equity of 14.88% and a net margin of 14.41%.The company had revenue of $12.07 billion for the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter last year, the company earned $2.20 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Toronto Dominion Bank will post 7.29 EPS for the current fiscal year.

Toronto Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Friday, October 9th will be given a dividend of $1.12 per share. The ex-dividend date is Friday, October 9th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio (DPR) is presently 46.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TD shares. Scotiabank raised shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Royal Bank Of Canada upped their price target on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Raymond James Financial raised shares of Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Toronto Dominion Bank in a research report on Friday, August 21st. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Toronto Dominion Bank Profile

Toronto-Dominion Bank (TD) is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. Formed through the 1955 merger of the Bank of Toronto (founded 1855) and the Dominion Bank (founded 1869), TD is one of Canada’s largest banks and offers a broad range of financial products and services to individual, small business, commercial and institutional clients.

TD’s core businesses include Canadian and U.S. personal and commercial banking, wealth management, wholesale banking and insurance.