Riverview Trust Co Reduces Position in Target Co. (NYSE:TGT)

Riverview Trust Co cut its position in Target Co. (NYSE:TGT) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,406 shares of the retailer’s stock after selling 95 shares during the period. Riverview Trust Co’s holdings in Target were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. MMA Asset Management LLC purchased a new position in shares of Target in the 4th quarter valued at about $320,000. Cape Investment Advisory Inc. increased its stake in Target by 182.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 478 shares of the retailer’s stock valued at $65,000 after purchasing an additional 309 shares during the last quarter. BlueStem Wealth Partners LLC purchased a new position in shares of Target in the 4th quarter valued at $673,000. Hickory Point Bank & Trust purchased a new position in shares of Target in the 4th quarter valued at $206,000. Finally, Sherman Asset Management Inc. purchased a new position in shares of Target in the 4th quarter valued at $212,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE:TGT opened at $124.37 on Friday. The business’s 50 day simple moving average is $133.77 and its 200-day simple moving average is $142.39. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. 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 12 month low of $120.21 and a 12 month high of $181.86.

Target Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Roth Mkm dropped their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. BMO Capital Markets dropped their price target on Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company dropped their price target on Target from $180.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Daiwa America lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $150.00 target price on shares of Target in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.93.

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.