Pinnacle Wealth Management Advisory Group LLC Purchases 326 Shares of Target Co. (NYSE:TGT)

Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Target Co. (NYSE:TGT) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,026 shares of the retailer’s stock after acquiring an additional 326 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Target were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. United Services Automobile Association lifted its holdings in Target by 2.9% during the third quarter. United Services Automobile Association now owns 44,232 shares of the retailer’s stock worth $4,891,000 after buying an additional 1,239 shares during the period. RFG Advisory LLC bought a new stake in Target during the fourth quarter valued at about $605,000. Tower View Wealth Management LLC grew its stake in Target by 82.8% in the third quarter. Tower View Wealth Management LLC now owns 234 shares of the retailer’s stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Nordea Investment Management AB raised its holdings in Target by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 519,634 shares of the retailer’s stock worth $73,819,000 after purchasing an additional 24,066 shares in the last quarter. Finally, Asio Capital LLC lifted its position in shares of Target by 109.9% during the fourth quarter. Asio Capital LLC now owns 27,267 shares of the retailer’s stock valued at $3,883,000 after buying an additional 14,274 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. Telsey Advisory Group raised their target price on shares of Target from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Citigroup upgraded shares of Target from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Target from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group lifted their price objective on shares of Target from $176.00 to $194.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, HSBC upgraded Target from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $195.00 in a research note on Wednesday, March 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.85.

Target Price Performance

TGT traded down $0.82 during midday trading on Wednesday, hitting $159.59. 2,574,589 shares of the company traded hands, compared to its average volume of 3,675,110. The company has a current ratio of 0.91, a quick ratio of 0.29 and a debt-to-equity ratio of 1.11. Target Co. has a 52-week low of $102.93 and a 52-week high of $181.86. The company has a market capitalization of $73.83 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.48 and a beta of 1.17. The business has a 50 day simple moving average of $166.79 and a two-hundred day simple moving average of $145.90.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 5th. The retailer reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.57. Target had a return on equity of 33.41% and a net margin of 3.85%. The company had revenue of $31.47 billion for the quarter, compared to analyst estimates of $31.83 billion. During the same quarter last year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Target Co. will post 9.39 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.76%. The ex-dividend date is Tuesday, May 14th. Target’s payout ratio is currently 49.27%.

Insider Activity at Target

In other Target news, insider Melissa K. Kremer sold 3,000 shares of Target stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $165.05, for a total value of $495,150.00. Following the sale, the insider now owns 30,527 shares in the company, valued at $5,038,481.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Christina Hennington sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $170.88, for a total transaction of $786,048.00. Following the completion of the transaction, the insider now directly owns 38,487 shares in the company, valued at $6,576,658.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Melissa K. Kremer sold 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $165.05, for a total value of $495,150.00. Following the completion of the sale, the insider now owns 30,527 shares in the company, valued at approximately $5,038,481.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,600 shares of company stock valued at $8,819,598. 0.23% of the stock is owned by company insiders.

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.