Target Co. (NYSE:TGT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Target Co. (NYSE:TGT) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 55,109 shares of the retailer’s stock after selling 1,785 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Target were worth $7,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Stephens Inc. AR raised its stake in Target by 3.9% during the 3rd quarter. Stephens Inc. AR now owns 17,002 shares of the retailer’s stock worth $2,650,000 after acquiring an additional 632 shares in the last quarter. Capital Advisors Inc. OK raised its stake in Target by 54.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 3,108 shares of the retailer’s stock worth $484,000 after acquiring an additional 1,095 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Target by 19.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,976 shares of the retailer’s stock worth $1,399,000 after acquiring an additional 1,431 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in Target by 17.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,792 shares of the retailer’s stock worth $1,154,000 after acquiring an additional 1,181 shares in the last quarter. Finally, F M Investments LLC raised its stake in Target by 89.7% during the 3rd quarter. F M Investments LLC now owns 23,387 shares of the retailer’s stock worth $3,636,000 after acquiring an additional 11,059 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price objective on shares of Target in a research note on Friday, January 17th. Roth Mkm dropped their price objective on shares of Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research note on Thursday, November 21st. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Finally, Hsbc Global Res lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One research 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. According to MarketBeat.com, Target has an average rating of “Hold” and an average target price of $157.93.

Target Stock Up 1.5 %

TGT stock opened at $124.37 on Monday. The company has a market cap of $56.99 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.94 and a beta of 1.15. Target Co. has a 52 week low of $120.21 and a 52 week high of $181.86. The company’s 50-day moving average price is $133.77 and its 200 day moving average price is $142.43. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

About Target

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.