Guyasuta Investment Advisors Inc. cut its stake in shares of Target Corporation (NYSE:TGT) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,762 shares of the retailer’s stock after selling 2,155 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Target Corporation were worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. OLD National Bancorp IN raised its position in Target Corporation by 13.8% during the first quarter. OLD National Bancorp IN now owns 62,330 shares of the retailer’s stock valued at $3,440,000 after purchasing an additional 7,547 shares during the period. ING Groep NV raised its position in Target Corporation by 114.3% during the first quarter. ING Groep NV now owns 7,632 shares of the retailer’s stock valued at $421,000 after purchasing an additional 4,071 shares during the period. Honeywell International Inc. raised its position in Target Corporation by 44.8% during the first quarter. Honeywell International Inc. now owns 665,100 shares of the retailer’s stock valued at $36,707,000 after purchasing an additional 205,700 shares during the period. Cascade Investment Advisors Inc. raised its position in Target Corporation by 23.7% during the first quarter. Cascade Investment Advisors Inc. now owns 24,445 shares of the retailer’s stock valued at $1,349,000 after purchasing an additional 4,685 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its position in Target Corporation by 231.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 72,703 shares of the retailer’s stock valued at $4,012,000 after purchasing an additional 50,746 shares during the period. Institutional investors and hedge funds own 83.22% of the company’s stock.

Shares of Target Corporation (TGT) opened at 58.99 on Friday. Target Corporation has a 12 month low of $48.56 and a 12 month high of $79.33. The firm’s 50-day moving average price is $56.82 and its 200 day moving average price is $55.00. The company has a market cap of $32.22 billion, a PE ratio of 11.92 and a beta of 0.60.

Target Corporation (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The business had revenue of $16.43 billion during the quarter, compared to the consensus estimate of $16.30 billion. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Equities research analysts anticipate that Target Corporation will post $4.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a $0.62 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.48 annualized dividend and a dividend yield of 4.20%. Target Corporation’s dividend payout ratio (DPR) is 50.00%.

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In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Harrison sold 2,639 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $137,359.95. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

A number of equities research analysts have issued reports on the company. UBS AG restated a “neutral” rating and set a $56.00 price objective (down from $60.00) on shares of Target Corporation in a research report on Tuesday, June 20th. Vetr downgraded Target Corporation from a “buy” rating to a “hold” rating and set a $59.66 price target on the stock. in a report on Monday, June 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $67.00 price target (up from $62.00) on shares of Target Corporation in a report on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $60.00 price target (up from $58.00) on shares of Target Corporation in a report on Friday, August 18th. Finally, Citigroup Inc. downgraded Target Corporation from a “buy” rating to a “neutral” rating and increased their price target for the stock from $51.00 to $56.00 in a report on Wednesday, June 21st. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.64.

Target Corporation Profile

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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