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

First National Bank & Trust Co. of Newtown decreased its holdings in shares of Target Co. (NYSE:TGT) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,052 shares of the retailer’s stock after selling 150 shares during the quarter. Target comprises approximately 0.8% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 21st biggest holding. First National Bank & Trust Co. of Newtown’s holdings in Target were worth $3,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Moneta Group Investment Advisors LLC lifted its holdings in shares of Target by 95,980.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,537,742 shares of the retailer’s stock valued at $2,762,865,000 after acquiring an additional 18,518,448 shares in the last quarter. Norges Bank acquired a new position in Target in the 4th quarter worth $725,870,000. International Assets Investment Management LLC lifted its holdings in Target by 15,009.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,757,088 shares of the retailer’s stock worth $250,244,000 after buying an additional 1,745,459 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Target by 37,301.2% in the 3rd quarter. Clearbridge Investments LLC now owns 1,698,764 shares of the retailer’s stock worth $187,832,000 after buying an additional 1,694,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Target by 252.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,166,161 shares of the retailer’s stock worth $358,782,000 after buying an additional 1,551,551 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

NYSE TGT traded up $0.88 on Friday, hitting $167.46. The stock had a trading volume of 1,132,497 shares, compared to its average volume of 3,752,192. Target Co. has a one year low of $102.93 and a one year high of $181.86. The company has a quick ratio of 0.29, a current ratio of 0.91 and a debt-to-equity ratio of 1.11. The stock has a market cap of $77.31 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.54 and a beta of 1.14. The company’s 50-day moving average is $163.25 and its two-hundred day moving average is $140.52.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 5th. The retailer reported $2.98 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $31.83 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. Target’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts expect that Target Co. will post 9.39 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, May 14th. Target’s dividend payout ratio (DPR) is 49.27%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on shares of Target from $183.00 to $180.00 and set an “in-line” rating on the stock in a report on Tuesday. Tigress Financial boosted their price objective on shares of Target from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. TheStreet upgraded shares of Target from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Morgan Stanley boosted their price objective on shares of Target from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Target from $125.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.85.

Insiders Place Their Bets

In other Target news, insider Christina Hennington sold 4,600 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $170.88, for a total value of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares in the company, valued at approximately $6,576,658.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Melissa K. Kremer sold 3,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christina Hennington sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now owns 38,487 shares of the company’s stock, valued at $6,576,658.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,600 shares of company stock worth $8,819,598. Insiders own 0.23% of the company’s stock.

Target Company Profile

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.