Diversified Trust Co Sells 369 Shares of Target Co. (NYSE:TGT)

Diversified Trust Co cut its stake in Target Co. (NYSE:TGT) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,666 shares of the retailer’s stock after selling 369 shares during the quarter. Diversified Trust Co’s holdings in Target were worth $3,533,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC purchased a new stake in Target during the second quarter valued at approximately $25,000. Washington Trust Advisors Inc. grew its stake in Target by 56.1% during the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Slocum Gordon & Co LLP acquired a new position in Target during the 2nd quarter valued at about $28,000. Retirement Group LLC raised its stake in Target by 85.0% in the first quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock valued at $35,000 after buying an additional 91 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Target in the 4th quarter valued at approximately $28,000. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

TGT stock opened at $149.05 on Tuesday. The stock has a market cap of $68.96 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.27 and a current ratio of 0.90. The firm has a 50 day simple moving average of $149.11 and a 200 day simple moving average of $153.87. Target Co. has a 52 week low of $103.74 and a 52 week high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, beating the consensus estimate of $2.18 by $0.39. The business had revenue of $25.02 billion for the quarter, compared to analysts’ expectations of $25.19 billion. Target had a net margin of 4.18% and a return on equity of 33.10%. Target’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. Research analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Wednesday, November 20th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 dividend on an annualized basis and a yield of 3.01%. Target’s dividend payout ratio is currently 50.28%.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Target news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total transaction of $997,715.16. Following the transaction, the insider now owns 123,551 shares in the company, valued at $19,418,510.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at approximately $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,348 shares of company stock worth $8,290,995. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

TGT has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Target from $153.00 to $167.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Evercore ISI increased their price target on shares of Target from $158.00 to $160.00 and gave the stock an “inline” rating in a report on Thursday, August 22nd. TD Cowen lifted their price objective on shares of Target from $165.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, August 22nd. StockNews.com upgraded Target from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Citigroup raised their price objective on Target from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.69.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.