First National Bank & Trust Co. of Newtown Sells 150 Shares of Target Co. (NYSE:TGT)

First National Bank & Trust Co. of Newtown trimmed its holdings in shares of Target Co. (NYSE:TGT) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,052 shares of the retailer’s stock after selling 150 shares during the period. Target makes up about 0.8% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 21st biggest position. First National Bank & Trust Co. of Newtown’s holdings in Target were worth $3,853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Plancorp LLC lifted its holdings in Target by 2.1% during the 1st quarter. Plancorp LLC now owns 2,520 shares of the retailer’s stock valued at $535,000 after purchasing an additional 53 shares during the last quarter. Beacon Financial Advisory LLC increased its position in Target by 1.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 7,059 shares of the retailer’s stock valued at $1,005,000 after acquiring an additional 72 shares in the last quarter. Janiczek Wealth Management LLC increased its position in Target by 18.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 494 shares of the retailer’s stock valued at $70,000 after acquiring an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in Target by 4.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,887 shares of the retailer’s stock valued at $209,000 after acquiring an additional 80 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its position in Target by 0.4% in the 3rd quarter. iA Global Asset Management Inc. now owns 22,760 shares of the retailer’s stock valued at $2,517,000 after acquiring an additional 83 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TGT shares. HSBC upgraded shares of Target from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $195.00 in a research report on Wednesday, March 6th. BMO Capital Markets raised their price objective on shares of Target from $145.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, March 6th. Wells Fargo & Company raised their price objective on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada lifted their price target on shares of Target from $157.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, UBS Group reiterated a “buy” rating and set a $174.00 price target on shares of Target in a research report on Tuesday, March 5th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.85.

Insider Transactions at Target

In other news, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares of the company’s stock, valued at $5,038,481.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the sale, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total transaction of $495,150.00. Following the transaction, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The disclosure for this sale can be found here. Insiders have sold a total of 52,600 shares of company stock valued at $8,819,598 over the last 90 days. 0.23% of the stock is owned by corporate insiders.

Target Stock Up 0.5 %

TGT traded up $0.88 during trading on Friday, reaching $167.46. The company had a trading volume of 1,132,497 shares, compared to its average volume of 3,752,192. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.91 and a quick ratio of 0.29. Target Co. has a 12 month low of $102.93 and a 12 month high of $181.86. The business’s fifty day moving average price is $163.25 and its 200 day moving average price is $140.52. The company has a market cap of $77.31 billion, a P/E ratio of 18.76, a PEG ratio of 1.54 and a beta of 1.14.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a net margin of 3.85% and a return on equity of 33.41%. The firm had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Equities analysts anticipate that Target Co. will post 9.39 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio is presently 49.27%.

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.