Mutual of America Capital Management LLC Grows Stock Holdings in Tractor Supply (NASDAQ:TSCO)

Mutual of America Capital Management LLC increased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 16.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,336 shares of the specialty retailer’s stock after buying an additional 3,863 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tractor Supply were worth $7,953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in shares of Tractor Supply during the third quarter worth about $29,000. First Personal Financial Services purchased a new position in shares of Tractor Supply during the third quarter worth about $29,000. LRI Investments LLC purchased a new position in shares of Tractor Supply during the first quarter worth about $28,000. Whittier Trust Co. grew its holdings in shares of Tractor Supply by 60.9% during the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Tractor Supply during the second quarter worth about $33,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.4 %

Shares of NASDAQ TSCO opened at $276.82 on Tuesday. Tractor Supply has a 52-week low of $193.73 and a 52-week high of $307.64. The firm has a fifty day moving average of $284.41 and a 200-day moving average of $275.42. The stock has a market capitalization of $29.58 billion, a PE ratio of 26.93, a P/E/G ratio of 3.46 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81.

Tractor Supply Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 25th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. Tractor Supply’s dividend payout ratio is presently 42.80%.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. The trade was a 70.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the topic of a number of analyst reports. Benchmark lifted their price objective on Tractor Supply from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, October 28th. Mizuho lifted their price objective on Tractor Supply from $250.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Gordon Haskett lowered Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, October 24th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Tractor Supply from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Tractor Supply has an average rating of “Hold” and an average target price of $282.82.

Tractor Supply Profile

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.