Cetera Trust Company N.A Sells 101 Shares of Target Co. (NYSE:TGT)

Cetera Trust Company N.A lessened its position in Target Co. (NYSE:TGT) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,453 shares of the retailer’s stock after selling 101 shares during the quarter. Cetera Trust Company N.A’s holdings in Target were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Washington Trust Advisors Inc. lifted its holdings in shares of Target by 56.1% in the 1st quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of Target by 0.6% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 10,773 shares of the retailer’s stock worth $1,909,000 after buying an additional 68 shares during the last quarter. Beacon Capital Management LLC grew its position in shares of Target by 20.8% in the 2nd quarter. Beacon Capital Management LLC now owns 400 shares of the retailer’s stock worth $59,000 after buying an additional 69 shares during the last quarter. Integral Investment Advisors Inc. grew its position in shares of Target by 5.3% in the 2nd quarter. Integral Investment Advisors Inc. now owns 1,382 shares of the retailer’s stock worth $203,000 after buying an additional 69 shares during the last quarter. Finally, Trust Co. of Vermont grew its position in shares of Target by 0.4% in the 3rd quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock worth $2,444,000 after buying an additional 69 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. UBS Group lifted their price objective on shares of Target from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their target price on shares of Target from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 target price on shares of Target in a research note on Thursday, September 19th. Royal Bank of Canada lifted their target price on shares of Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI lowered their target price on shares of Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Richard H. Gomez sold 6,348 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total transaction of $997,715.16. Following the sale, the insider now owns 123,551 shares of the company’s stock, valued at approximately $19,418,510.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian C. Cornell sold 45,000 shares of the stock in a transaction dated 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 in the company, valued at $48,210,768.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock valued at $8,290,995 over the last 90 days. 0.23% of the stock is owned by insiders.

Target Trading Down 1.1 %

Shares of TGT stock traded down $1.62 on Tuesday, hitting $149.29. 998,918 shares of the stock traded hands, compared to its average volume of 3,944,840. The firm’s 50-day moving average price is $152.57 and its two-hundred day moving average price is $152.42. 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 stock has a market capitalization of $69.07 billion, a PE ratio of 16.77, a PEG ratio of 1.99 and a beta of 1.24. Target Co. has a twelve month low of $105.23 and a twelve month high of $181.86.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.39. The firm 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%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS. As a group, analysts anticipate that Target Co. will post 9.53 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be given 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 3.00%. Target’s payout ratio is currently 50.28%.

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.