Linscomb Wealth Inc. Sells 340 Shares of Target Co. (NYSE:TGT)

Linscomb Wealth Inc. lessened its stake in shares of Target Co. (NYSE:TGT) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,941 shares of the retailer’s stock after selling 340 shares during the period. Linscomb Wealth Inc.’s holdings in Target were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TGT. Legacy Investment Solutions LLC bought a new position in Target during the third quarter valued at approximately $28,000. MCF Advisors LLC raised its holdings in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after acquiring an additional 163 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Target in the third quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Target in the third quarter worth $38,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $124.37 on Friday. The stock has a market capitalization of $56.99 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. The stock has a fifty day simple moving average of $133.77 and a two-hundred day simple moving average of $142.35.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TGT shares. Gordon Haskett lowered shares of Target from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Bank of America lowered their price target on shares of Target from $195.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Stifel Nicolaus boosted their price objective on Target from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Finally, Daiwa Capital Markets cut Target from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $157.93.

Target 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.