Meiji Yasuda Life Insurance Co lessened its holdings in Target Corporation (NYSE:TGT) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the retailer’s stock after selling 140 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Target Corporation were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TGT. Bowling Portfolio Management LLC bought a new stake in Target Corporation in the 1st quarter valued at $3,258,000. Private Capital Management Inc. increased its holdings in Target Corporation by 32.1% in the 1st quarter. Private Capital Management Inc. now owns 20,600 shares of the retailer’s stock valued at $1,137,000 after buying an additional 5,000 shares during the period. Sentinel Trust Co. LBA bought a new stake in Target Corporation in the 1st quarter valued at $634,000. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Target Corporation by 26.0% in the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 16,777 shares of the retailer’s stock valued at $926,000 after buying an additional 3,459 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in Target Corporation by 4.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,347,940 shares of the retailer’s stock valued at $74,348,000 after buying an additional 54,163 shares during the period. 83.22% of the stock is currently owned by hedge funds and other institutional investors.

Target Corporation (NYSE TGT) opened at 58.99 on Friday. The firm has a market capitalization of $32.22 billion, a P/E ratio of 11.92 and a beta of 0.60. The firm’s 50-day moving average is $56.82 and its 200-day moving average is $55.00. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33.

Target Corporation (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 16th. The retailer reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. Target Corporation had a return on equity of 25.06% and a net margin of 3.99%. The firm had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. During the same period last year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts expect that Target Corporation will post $4.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s payout ratio is 50.00%.

In related news, insider Robert M. Harrison sold 2,639 shares of Target Corporation stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $52.05, for a total value of $137,359.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

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Several equities research analysts have recently weighed in on TGT shares. Vetr raised shares of Target Corporation from a “hold” rating to a “buy” rating and set a $59.66 target price on the stock in a report on Monday, June 19th. ValuEngine lowered shares of Target Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub raised shares of Target Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 target price on shares of Target Corporation in a report on Friday, July 14th. Finally, MKM Partners upped their target price on shares of Target Corporation from $58.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $61.64.

About Target Corporation

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.

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

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