Integrated Advisors Network LLC lowered its stake in Target Co. (NYSE:TGT – Free Report) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,420 shares of the retailer’s stock after selling 1,533 shares during the quarter. Integrated Advisors Network LLC’s holdings in Target were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its position in shares of Target by 1.3% during the 4th quarter. Larson Financial Group LLC now owns 5,339 shares of the retailer’s stock valued at $760,000 after acquiring an additional 70 shares during the last quarter. Godshalk Welsh Capital Management Inc. raised its holdings in shares of Target by 0.9% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 8,130 shares of the retailer’s stock valued at $1,158,000 after buying an additional 70 shares in the last quarter. Welch & Forbes LLC raised its holdings in shares of Target by 0.9% during the 4th quarter. Welch & Forbes LLC now owns 7,715 shares of the retailer’s stock valued at $1,099,000 after buying an additional 71 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in shares of Target by 1.0% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after buying an additional 72 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Target by 1.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,704 shares of the retailer’s stock worth $812,000 after purchasing an additional 76 shares during the period. Institutional investors own 79.73% of the company’s stock.
Target Price Performance
Shares of Target stock opened at $144.97 on Tuesday. The stock has a 50 day moving average of $156.88 and a 200 day moving average of $152.64. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The firm has a market cap of $67.07 billion, a PE ratio of 16.27, a PEG ratio of 1.33 and a beta of 1.20. The company has a current ratio of 0.86, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97.
Target Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.09%. This is an increase from Target’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, August 21st. Target’s dividend payout ratio is presently 49.38%.
Insider Transactions at Target
In other news, insider Christina Hennington sold 4,600 shares of Target stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the sale, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 target price on shares of Target in a report on Wednesday, May 22nd. StockNews.com downgraded Target from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 23rd. Royal Bank of Canada reduced their price objective on Target from $191.00 to $181.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus upped their price objective on Target from $153.00 to $177.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Moderate Buy” and an average price target of $178.11.
Check Out Our Latest Research Report on Target
Target 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.
Read More
- Five stocks we like better than Target
- 3 Stocks to Consider Buying in October
- Buffett Bails on BYD: What It Means for the Future of EV Stocks
- Are Penny Stocks a Good Fit for Your Portfolio?
- Domino’s vs. Papa John’s: Stock Showdown of Pizza Giants
- Why is the Ex-Dividend Date Significant to Investors?
- Williams-Sonoma Makes Stock More Accessible with a Stock Split
Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Co. (NYSE:TGT – Free Report).
Receive News & Ratings for Target Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Target and related companies with MarketBeat.com's FREE daily email newsletter.