DORCHESTER WEALTH MANAGEMENT Co Cuts Position in The Toronto-Dominion Bank (NYSE:TD)

DORCHESTER WEALTH MANAGEMENT Co reduced its position in shares of The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,234 shares of the bank’s stock after selling 812 shares during the quarter. Toronto-Dominion Bank accounts for approximately 3.1% of DORCHESTER WEALTH MANAGEMENT Co’s investment portfolio, making the stock its 4th biggest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Toronto-Dominion Bank were worth $15,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC raised its position in Toronto-Dominion Bank by 164.9% during 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. Bank of Jackson Hole Trust bought a new stake in Toronto-Dominion Bank during the fourth quarter worth $32,000. Versant Capital Management Inc raised its position 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 acquiring an additional 200 shares in the last quarter. Morse Asset Management Inc bought a new stake in Toronto-Dominion Bank during the third quarter worth $63,000. Finally, Eastern Bank acquired a new position in shares of Toronto-Dominion Bank in the third quarter valued at $66,000. 52.37% of the stock is owned by institutional investors.

Toronto-Dominion Bank Trading Down 0.9 %

TD stock opened at $59.82 on Friday. 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 company’s 50-day simple moving average is $56.04 and its 200 day simple moving average is $57.55. The Toronto-Dominion Bank has a 52 week low of $51.25 and a 52 week high of $64.91. The company has a market capitalization of $104.71 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.7482 dividend. The ex-dividend date was Friday, January 10th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. This represents a $2.99 annualized dividend and a dividend yield of 5.00%. Toronto-Dominion Bank’s dividend payout ratio is 84.15%.

Analysts Set New Price Targets

Several equities analysts have commented on TD shares. Barclays downgraded shares of Toronto-Dominion Bank from an “equal weight” rating to an “underweight” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Toronto-Dominion Bank from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Royal Bank of Canada decreased their price objective on shares of Toronto-Dominion Bank from $82.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, December 6th. Scotiabank downgraded shares of Toronto-Dominion Bank from a “sector outperform” rating to a “sector perform” rating in a report on Friday, December 6th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank 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.