J. W. Coons Advisors LLC Has $297,000 Position in Target Co. (NYSE:TGT)

J. W. Coons Advisors LLC lessened its stake in shares of Target Co. (NYSE:TGT) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,195 shares of the retailer’s stock after selling 1,265 shares during the period. J. W. Coons Advisors LLC’s holdings in Target were worth $297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Target by 8.3% in the 3rd quarter. State Street Corp now owns 35,484,252 shares of the retailer’s stock valued at $5,530,576,000 after buying an additional 2,732,801 shares during the period. Two Sigma Advisers LP boosted its position in shares of Target by 173.2% during the 3rd quarter. Two Sigma Advisers LP now owns 2,369,400 shares of the retailer’s stock worth $369,295,000 after acquiring an additional 1,502,200 shares in the last quarter. FMR LLC increased its stake in Target by 11.7% in the third quarter. FMR LLC now owns 9,980,381 shares of the retailer’s stock valued at $1,555,542,000 after acquiring an additional 1,046,044 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in Target by 773.1% during the third quarter. Worldquant Millennium Advisors LLC now owns 832,766 shares of the retailer’s stock valued at $129,795,000 after purchasing an additional 737,384 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Target during the third quarter worth $106,493,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 1.5 %

NYSE TGT opened at $126.11 on Tuesday. The stock has a market capitalization of $57.79 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.94 and a beta of 1.15. The business has a 50 day simple moving average of $134.28 and a 200 day simple moving average of $142.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. Target Co. has a one year low of $120.21 and a one year high of $181.86.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Wednesday, February 12th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is 47.51%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Target from $137.00 to $145.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. TD Cowen reduced their price target on shares of Target from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company decreased their price target on shares of Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. StockNews.com raised shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $165.00 target price on shares of Target in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $157.70.

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.