Adams Diversified Equity Fund Inc. Has $17.24 Million Holdings in Target Co. (NYSE:TGT)

Adams Diversified Equity Fund Inc. cut its holdings in Target Co. (NYSE:TGT) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,600 shares of the retailer’s stock after selling 9,700 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Target were worth $17,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Triad Wealth Partners LLC acquired a new position in shares of Target during the second quarter worth approximately $25,000. Slocum Gordon & Co LLP acquired a new position in shares of Target during the second quarter worth approximately $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Target during the second quarter worth approximately $31,000. Washington Trust Advisors Inc. raised its position in shares of Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Wolff Wiese Magana LLC raised its position in shares of Target by 156.5% during the third quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock worth $34,000 after purchasing an additional 133 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TGT. Royal Bank of Canada upped their target price on Target from $174.00 to $177.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Roth Mkm increased their price target on Target from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, August 22nd. Jefferies Financial Group increased their price target on Target from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI lowered their price target on Target from $170.00 to $165.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Finally, Daiwa Capital Markets raised Target from a “neutral” rating to an “outperform” rating and set a $170.00 price target for the company in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.47.

Target Stock Down 0.9 %

Shares of NYSE TGT opened at $147.97 on Wednesday. Target Co. has a 52 week low of $105.23 and a 52 week high of $181.86. The business has a 50-day simple moving average of $153.55 and a two-hundred day simple moving average of $151.53. The company has a quick ratio of 0.27, a current ratio of 0.90 and a debt-to-equity ratio of 0.95. The company has a market cap of $68.17 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.99 and a beta of 1.24.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 21st. The retailer reported $2.57 EPS for the quarter, topping the consensus estimate of $2.18 by $0.39. Target had a return on equity of 33.10% and a net margin of 4.18%. The business had revenue of $25.02 billion during the quarter, compared to the consensus estimate of $25.19 billion. During the same quarter last year, the company earned $1.80 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that Target Co. will post 9.53 earnings per share for the current fiscal 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 paid a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.48 annualized dividend and a yield of 3.03%. Target’s dividend payout ratio is currently 46.28%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total value of $153,130.00. Following the completion of the transaction, the chief accounting officer now owns 7,276 shares in the company, valued at $1,114,173.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Matthew A. Liegel sold 1,000 shares of Target stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the sale, the chief accounting officer now owns 7,276 shares in the company, valued at approximately $1,114,173.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard H. Gomez sold 6,348 shares of Target stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $157.17, for a total value 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,348 shares of company stock worth $8,290,995 in the last quarter. 0.15% of the stock is owned by company insiders.

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.