MML Investors Services LLC Acquires 1,564 Shares of Target Co. (TGT)
MML Investors Services LLC raised its holdings in Target Co. (NYSE:TGT) by 5.3% in the fourth quarter, Holdings Channel reports. The fund owned 30,946 shares of the retailer’s stock after buying an additional 1,564 shares during the period. MML Investors Services LLC’s holdings in Target were worth $2,019,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Bedell Frazier Investment Counseling LLC acquired a new stake in Target in the 3rd quarter valued at about $219,000. Security Asset Management acquired a new stake in shares of Target during the 4th quarter worth approximately $115,000. Heritage Trust Co increased its holdings in shares of Target by 129.7% during the 3rd quarter. Heritage Trust Co now owns 1,771 shares of the retailer’s stock worth $105,000 after buying an additional 1,000 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Target during the 4th quarter worth approximately $124,000. Finally, SevenBridge Financial Group LLC increased its holdings in shares of Target by 2,200.0% during the 3rd quarter. SevenBridge Financial Group LLC now owns 1,909 shares of the retailer’s stock worth $113,000 after buying an additional 1,826 shares during the last quarter. Institutional investors own 85.91% of the company’s stock.
Target Co. (NYSE TGT) opened at $70.49 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.27 and a debt-to-equity ratio of 0.97. The firm has a market cap of $38,316.46, a P/E ratio of 14.93, a P/E/G ratio of 3.14 and a beta of 0.71. Target Co. has a 1 year low of $48.56 and a 1 year high of $78.70.
The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 21st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $2.48 annualized dividend and a yield of 3.52%. Target’s dividend payout ratio is presently 46.36%.
In other Target news, insider Robert M. Harrison sold 8,557 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $76.74, for a total value of $656,664.18. Following the completion of the transaction, the insider now owns 13,288 shares of the company’s stock, valued at approximately $1,019,721.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 4,705 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.61, for a total transaction of $294,580.05. The disclosure for this sale can be found here. Insiders sold a total of 16,262 shares of company stock valued at $1,185,484 in the last three months. 0.25% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on TGT shares. ValuEngine upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Vetr downgraded shares of Target from a “strong-buy” rating to a “buy” rating and set a $66.10 price target for the company. in a report on Wednesday, November 29th. Sanford C. Bernstein set a $65.00 price target on shares of Target and gave the stock a “buy” rating in a report on Thursday, December 14th. MKM Partners set a $77.00 price target on shares of Target and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Credit Suisse Group started coverage on shares of Target in a report on Monday, March 5th. They set a “buy” rating and a $86.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $73.97.
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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