CMH Wealth Management LLC Sells 5,335 Shares of Toronto Dominion Bank (The) $TD

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

Several other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new stake in Toronto Dominion Bank during the 1st quarter valued at about $568,000. Focus Partners Wealth boosted its stake in Toronto Dominion Bank by 27.7% during the 1st quarter. Focus Partners Wealth now owns 24,970 shares of the bank’s stock valued at $1,497,000 after purchasing an additional 5,410 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth $259,000. Cresset Asset Management LLC bought a new stake in shares of Toronto Dominion Bank in the 2nd quarter worth $211,000. Finally, NewEdge Advisors LLC raised its stake in shares of Toronto Dominion Bank by 25.3% in the second quarter. NewEdge Advisors LLC now owns 8,039 shares of the bank’s stock worth $590,000 after purchasing an additional 1,622 shares during the last quarter. 52.37% of the stock is owned by institutional investors.

Toronto Dominion Bank Stock Performance

TD stock opened at $120.93 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.03 and a quick ratio of 1.03. Toronto Dominion Bank has a 1 year low of $72.78 and a 1 year high of $125.46. The company has a market cap of $198.91 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.72. The stock’s fifty day moving average price is $120.61 and its 200-day moving average price is $109.47.

Toronto Dominion Bank (NYSE:TD) (TSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The bank reported $1.98 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.70 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. Toronto Dominion Bank’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Toronto Dominion Bank will post 7.29 earnings per share for the current year.

Toronto Dominion Bank Announces Dividend

The firm also recently declared 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 of this dividend is Friday, October 9th. This represents a $4.48 annualized dividend and a dividend yield of 3.7%. Toronto Dominion Bank’s dividend payout ratio is presently 46.81%.

Analyst Upgrades and Downgrades

TD has been the topic of a number of research analyst reports. Wall Street Zen raised Toronto Dominion Bank from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Raymond James Financial raised Toronto Dominion Bank from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Toronto Dominion Bank from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Toronto Dominion Bank from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Scotiabank upgraded shares of Toronto Dominion Bank from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Toronto Dominion Bank presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

About Toronto Dominion Bank

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.