Heritage Investors Management Corp Has $6.01 Million Stock Holdings in Target Co. (NYSE:TGT)

Heritage Investors Management Corp reduced its position in shares of Target Co. (NYSE:TGT) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 44,479 shares of the retailer’s stock after selling 1,499 shares during the period. Heritage Investors Management Corp’s holdings in Target were worth $6,013,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $165.00 target price on shares of Target in a research report on Monday, November 25th. Roth Mkm reduced their price objective on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut Target from a “buy” rating to a “hold” rating and lowered their target price for the stock from $184.00 to $108.00 in a report on Wednesday, November 20th. StockNews.com raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Finally, BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.93.

Target Price Performance

Shares of NYSE TGT opened at $124.05 on Thursday. The firm has a market capitalization of $56.84 billion, a P/E ratio of 13.15, a P/E/G ratio of 1.94 and a beta of 1.15. The firm’s 50-day moving average price is $134.06 and its 200-day moving average price is $142.56. 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 Co. has a 1-year low of $120.21 and a 1-year high of $181.86.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 annualized dividend and a yield of 3.61%. Target’s payout ratio is currently 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.