Plimoth Trust Co. LLC Sells 1,060 Shares of Toronto Dominion Bank (The) (NYSE:TD)

Plimoth Trust Co. LLC reduced its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,257 shares of the bank’s stock after selling 1,060 shares during the period. Plimoth Trust Co. LLC’s holdings in Toronto Dominion Bank were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TD. Vanguard Group Inc. lifted its stake in shares of Toronto Dominion Bank by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 74,118,551 shares of the bank’s stock valued at $3,946,072,000 after purchasing an additional 1,415,934 shares during the period. FIL Ltd lifted its position in Toronto Dominion Bank by 17.3% during the fourth quarter. FIL Ltd now owns 38,989,749 shares of the bank’s stock valued at $2,075,819,000 after buying an additional 5,756,584 shares during the period. Mackenzie Financial Corp lifted its position in Toronto Dominion Bank by 5.6% during the fourth quarter. Mackenzie Financial Corp now owns 27,990,674 shares of the bank’s stock valued at $1,488,233,000 after buying an additional 1,491,472 shares during the period. Norges Bank bought a new stake in shares of Toronto Dominion Bank during the 4th quarter valued at $992,204,000. Finally, Beutel Goodman & Co Ltd. grew its position in shares of Toronto Dominion Bank by 3.8% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 16,803,807 shares of the bank’s stock worth $894,169,000 after buying an additional 622,736 shares during the period. 52.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TD shares. Scotiabank started coverage on shares of Toronto Dominion Bank in a research note on Thursday, May 15th. They set a “sector perform” rating on the stock. Wall Street Zen raised shares of Toronto Dominion Bank from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Royal Bank Of Canada boosted their price target on Toronto Dominion Bank from $87.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto Dominion Bank currently has an average rating of “Hold” and a consensus target price of $93.00.

Toronto Dominion Bank Trading Up 0.6%

Shares of NYSE TD opened at $71.30 on Thursday. The firm’s 50 day moving average price is $65.31 and its 200-day moving average price is $59.82. Toronto Dominion Bank has a 52-week low of $51.25 and a 52-week high of $71.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $122.83 billion, a PE ratio of 10.45, a P/E/G ratio of 1.75 and a beta of 0.82.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last announced its quarterly earnings data on Thursday, May 22nd. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. Toronto Dominion Bank had a net margin of 13.53% and a return on equity of 13.11%. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same period in the previous year, the business earned $2.04 EPS. On average, equities research analysts expect that Toronto Dominion Bank will post 5.48 EPS for the current fiscal year.

Toronto Dominion Bank Increases Dividend

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

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.