Gateway Investment Advisers LLC cut its holdings in shares of Target Co. (NYSE:TGT) by 1.3% in the third quarter, HoldingsChannel.com reports. The firm owned 439,672 shares of the retailer’s stock after selling 5,993 shares during the period. Gateway Investment Advisers LLC’s holdings in Target were worth $38,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont increased its holdings in Target by 3.5% in the second quarter. Trust Co. of Vermont now owns 19,236 shares of the retailer’s stock valued at $1,464,000 after buying an additional 647 shares in the last quarter. Sumitomo Life Insurance Co. increased its holdings in Target by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 15,551 shares of the retailer’s stock valued at $1,184,000 after buying an additional 671 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Target by 3.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 19,523 shares of the retailer’s stock valued at $1,486,000 after buying an additional 681 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in Target by 2.2% in the second quarter. Uncommon Cents Investing LLC now owns 31,623 shares of the retailer’s stock valued at $2,407,000 after buying an additional 685 shares in the last quarter. Finally, Cahill Financial Advisors Inc. increased its holdings in Target by 18.6% in the second quarter. Cahill Financial Advisors Inc. now owns 4,431 shares of the retailer’s stock valued at $338,000 after buying an additional 694 shares in the last quarter. Institutional investors own 83.52% of the company’s stock.

In related news, insider Stephanie A. Lundquist sold 2,100 shares of the company’s stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $86.00, for a total transaction of $180,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Janna A. Potts sold 15,172 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $88.00, for a total transaction of $1,335,136.00. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on TGT shares. Gordon Haskett raised shares of Target from a “hold” rating to an “accumulate” rating in a report on Wednesday, July 25th. ValuEngine raised shares of Target from a “hold” rating to a “buy” rating in a research note on Wednesday, July 4th. MKM Partners set a $91.00 target price on shares of Target and gave the stock a “buy” rating in a research note on Friday, June 29th. Zacks Investment Research raised shares of Target from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Tuesday, August 7th. Finally, Bank of America set a $90.00 target price on shares of Target and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.68.

TGT stock opened at $85.81 on Wednesday. The stock has a market cap of $46.43 billion, a PE ratio of 18.22, a P/E/G ratio of 2.44 and a beta of 0.70. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.82 and a quick ratio of 0.17. Target Co. has a 52 week low of $54.04 and a 52 week high of $90.39.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 22nd. The retailer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.07. Target had a net margin of 4.19% and a return on equity of 24.29%. The company had revenue of $17.78 billion during the quarter, compared to analysts’ expectations of $17.33 billion. During the same quarter in the prior year, the company earned $1.23 EPS. Target’s revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Target Co. will post 5.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.64 per share. The ex-dividend date is Tuesday, November 20th. This represents a $2.56 annualized dividend and a yield of 2.98%. Target’s dividend payout ratio is presently 54.35%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers beauty and household essentials, including beauty products, personal and baby care products, cleaning products, paper products, and pet supplies; food and beverage products, such as dry grocery, dairy, frozen food, beverage, candy, snacks, deli, bakery, meat, and produce products; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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