FUKOKU MUTUAL LIFE INSURANCE Co Sells 990 Shares of Target Co. (NYSE:TGT)

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in Target Co. (NYSE:TGT) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200 shares of the retailer’s stock after selling 990 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Target were worth $297,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of Target by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 28,025 shares of the retailer’s stock worth $4,368,000 after acquiring an additional 490 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Target by 25.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 17,977 shares of the retailer’s stock worth $2,430,000 after buying an additional 3,590 shares during the last quarter. Northeast Financial Group Inc. purchased a new position in shares of Target in the 4th quarter worth about $1,566,000. D.A. Davidson & CO. boosted its holdings in shares of Target by 8.6% in the 3rd quarter. D.A. Davidson & CO. now owns 119,458 shares of the retailer’s stock worth $18,619,000 after buying an additional 9,510 shares during the last quarter. Finally, LMG Wealth Partners LLC purchased a new position in shares of Target in the 4th quarter worth about $1,438,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 2.6 %

Target stock opened at $124.05 on Thursday. The business has a 50-day simple moving average of $134.06 and a two-hundred day simple moving average of $142.56. The company has a market cap 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. Target Co. has a 52-week low of $120.21 and a 52-week high of $181.86. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99.

Target Dividend Announcement

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 paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.61%. Target’s dividend payout ratio is currently 47.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Daiwa Capital Markets downgraded shares of Target from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Guggenheim upped their price objective on shares of Target from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets dropped their price objective on shares of Target from $160.00 to $120.00 and set a “market perform” rating on the stock in a report on Thursday, November 21st. Piper Sandler dropped their price objective on shares of Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Target from $139.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.