CMH Wealth Management LLC Increases Holdings in Target Co. (NYSE:TGT)

CMH Wealth Management LLC boosted its position in Target Co. (NYSE:TGT) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,701 shares of the retailer’s stock after purchasing an additional 916 shares during the period. CMH Wealth Management LLC’s holdings in Target were worth $6,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cynosure Group LLC lifted its holdings in shares of Target by 4.3% in the third quarter. Cynosure Group LLC now owns 1,590 shares of the retailer’s stock valued at $248,000 after purchasing an additional 65 shares in the last quarter. Financial Advocates Investment Management increased its position in Target by 1.2% during the third quarter. Financial Advocates Investment Management now owns 5,736 shares of the retailer’s stock worth $894,000 after buying an additional 67 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of Target by 3.3% in the third quarter. Hancock Whitney Corp now owns 2,156 shares of the retailer’s stock worth $336,000 after acquiring an additional 68 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Target by 0.4% in the third quarter. Trust Co. of Vermont now owns 15,678 shares of the retailer’s stock valued at $2,444,000 after acquiring an additional 69 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its stake in shares of Target by 1.1% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 6,818 shares of the retailer’s stock valued at $1,063,000 after acquiring an additional 73 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Shares of TGT stock opened at $133.62 on Tuesday. The firm has a fifty day simple moving average of $136.13 and a 200-day simple moving average of $145.15. The company has a market capitalization of $61.22 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. Target Co. has a twelve month low of $120.21 and a twelve month high of $181.86. 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 (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 20th. The retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analysts’ expectations of $25.87 billion. During the same period in the previous year, the company earned $2.10 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts anticipate that Target Co. will post 8.6 earnings per share for the current fiscal year.

Target Dividend Announcement

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 given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s payout ratio is 47.51%.

Analyst Ratings Changes

Several research analysts recently weighed in on TGT shares. Citigroup boosted their target price on shares of Target from $130.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday. Daiwa Capital Markets lowered shares of Target from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $170.00 to $130.00 in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered shares of Target from a “buy” rating to a “hold” rating and decreased their target price for the stock from $184.00 to $108.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Finally, StockNews.com upgraded Target from a “hold” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $158.23.

Target Company 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.