Weaver C. Barksdale & Associates Inc. Has $1.37 Million Stock Holdings in The Toronto-Dominion Bank (NYSE:TD)

Weaver C. Barksdale & Associates Inc. lessened its stake in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,691 shares of the bank’s stock after selling 652 shares during the quarter. 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.

Several other large investors also recently made changes to their positions in the company. Dunhill Financial LLC boosted its holdings in Toronto-Dominion Bank by 164.9% in the third quarter. Dunhill Financial LLC now owns 400 shares of the bank’s stock worth $25,000 after acquiring an additional 249 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Toronto-Dominion Bank in the 4th quarter worth $27,000. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank during the 4th quarter valued at $32,000. Versant Capital Management Inc raised its holdings in Toronto-Dominion Bank by 40.0% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after buying an additional 200 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Toronto-Dominion Bank in the fourth quarter valued at $39,000. 52.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TD shares. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th. Bank of America upgraded Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Scotiabank downgraded Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. StockNews.com cut 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 research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.50.

Toronto-Dominion Bank Stock Performance

NYSE:TD opened at $60.95 on Wednesday. The company has a market capitalization of $106.80 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.95 and a beta of 0.83. The business has a fifty day simple moving average of $58.71 and a two-hundred day simple moving average of $57.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.03 and a quick ratio of 1.03. The Toronto-Dominion Bank has a 1 year low of $51.25 and a 1 year high of $64.91.

Toronto-Dominion Bank Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.7278 per share. This represents a $2.91 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 85.29%.

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.