Acropolis Investment Management LLC Sells 1,963 Shares of Tractor Supply (NASDAQ:TSCO)

Acropolis Investment Management LLC reduced its stake in Tractor Supply (NASDAQ:TSCO) by 43.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,568 shares of the specialty retailer’s stock after selling 1,963 shares during the period. Acropolis Investment Management LLC’s holdings in Tractor Supply were worth $747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply in the third quarter valued at $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply in the 3rd quarter worth $29,000. Whittier Trust Co. grew its stake in shares of Tractor Supply by 60.9% in the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Tractor Supply in the 3rd quarter worth about $32,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Tractor Supply during the 2nd quarter valued at about $33,000. Institutional investors own 98.72% of the company’s stock.

Tractor Supply Trading Up 0.6 %

NASDAQ:TSCO opened at $283.67 on Friday. The firm has a 50-day simple moving average of $284.59 and a 200-day simple moving average of $275.83. Tractor Supply has a one year low of $197.91 and a one year high of $307.64. The firm has a market cap of $30.31 billion, a P/E ratio of 27.59, a P/E/G ratio of 3.54 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 25th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio (DPR) is 42.80%.

Insiders Place Their Bets

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 70.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on TSCO shares. Citigroup lowered Tractor Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Piper Sandler boosted their target price on Tractor Supply from $300.00 to $332.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. UBS Group increased their price target on Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Melius Research started coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They set a “buy” rating and a $315.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on shares of Tractor Supply from $325.00 to $320.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.