Heritage Investors Management Corp Sells 1,499 Shares of Target Co. (NYSE:TGT)

Heritage Investors Management Corp decreased its holdings in shares of Target Co. (NYSE:TGT) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,479 shares of the retailer’s stock after selling 1,499 shares during the period. Heritage Investors Management Corp’s holdings in Target were worth $6,013,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp lifted its stake in Target by 8.3% in the third quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the period. FMR LLC increased its stake in shares of Target by 11.7% in the 3rd quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Target by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,025 shares of the retailer’s stock valued at $1,461,456,000 after acquiring an additional 130,691 shares during the period. Bank of New York Mellon Corp raised its position in shares of Target by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,832,585 shares of the retailer’s stock valued at $518,089,000 after acquiring an additional 234,409 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Target by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,321,055 shares of the retailer’s stock worth $517,620,000 after acquiring an additional 62,916 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Sanford C. Bernstein lifted their price target on shares of Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 28th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Stifel Nicolaus boosted their target price on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research report on Thursday, November 21st. Finally, Oppenheimer reiterated an “outperform” rating and set a $165.00 price objective on shares of Target in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.93.

Target Stock Down 2.6 %

NYSE TGT opened at $124.05 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $56.84 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.94 and a beta of 1.15. The company has a 50 day moving average of $134.06 and a 200-day moving average of $142.56. Target Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.61%. Target’s dividend payout ratio is presently 47.51%.

About Target

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.