Capital City Trust Co. FL Sells 560 Shares of Target Co. (NYSE:TGT)

Capital City Trust Co. FL decreased its holdings in shares of Target Co. (NYSE:TGT) by 12.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,961 shares of the retailer’s stock after selling 560 shares during the period. Capital City Trust Co. FL’s holdings in Target were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new position in Target in the second quarter valued at $25,000. Slocum Gordon & Co LLP purchased a new position in shares of Target during the 2nd quarter valued at about $28,000. Hobbs Group Advisors LLC bought a new stake in Target in the 2nd quarter worth approximately $31,000. Wolff Wiese Magana LLC boosted its stake in Target by 156.5% in the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after buying an additional 133 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Target during the second quarter worth approximately $37,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $152.13 on Monday. The company has a market cap of $70.08 billion, a P/E ratio of 15.72, a PEG ratio of 2.01 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average price of $152.56 and a 200 day moving average price of $150.34. Target Co. has a 12 month low of $127.19 and a 12 month high of $181.86.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a net margin of 4.18% and a return on equity of 33.10%. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts predict that Target Co. will post 9.55 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s payout ratio is currently 46.28%.

Insider Buying and Selling at Target

In related news, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $157.17, for a total value of $997,715.16. Following the sale, the insider now directly owns 123,551 shares in the company, valued at $19,418,510.67. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the insider now directly owns 303,843 shares in the company, valued at approximately $48,210,768.81. This trade represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,348 shares of company stock worth $8,290,995. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on Target from $174.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI decreased their price objective on shares of Target from $170.00 to $165.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Citigroup increased their target price on shares of Target from $180.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Roth Mkm boosted their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 price target on shares of Target in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

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.