BB&T Corp trimmed its position in shares of Target Corporation (NYSE:TGT) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,677 shares of the retailer’s stock after selling 1,166 shares during the period. BB&T Corp’s holdings in Target Corporation were worth $925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Private Wealth LLC grew its position in Target Corporation by 4.5% during the 2nd quarter. Boston Private Wealth LLC now owns 53,455 shares of the retailer’s stock worth $2,795,000 after purchasing an additional 2,285 shares in the last quarter. Conning Inc. grew its position in Target Corporation by 2.1% during the 2nd quarter. Conning Inc. now owns 522,523 shares of the retailer’s stock worth $27,323,000 after purchasing an additional 10,966 shares in the last quarter. Carnick & Kubik Group LLC purchased a new position in Target Corporation during the 3rd quarter worth approximately $554,000. CAPROCK Group Inc. purchased a new position in Target Corporation during the 3rd quarter worth approximately $832,000. Finally, Patten & Patten Inc. TN purchased a new position in Target Corporation during the 2nd quarter worth approximately $234,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Several research firms have weighed in on TGT. Zacks Investment Research cut shares of Target Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Stifel Nicolaus set a $60.00 price objective on shares of Target Corporation and gave the stock a “hold” rating in a research report on Wednesday, October 18th. MKM Partners assumed coverage on shares of Target Corporation in a report on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target on the stock. TheStreet upgraded shares of Target Corporation from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Finally, BMO Capital Markets restated a “market weight” rating on shares of Target Corporation in a report on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the stock. Target Corporation currently has a consensus rating of “Hold” and an average target price of $63.75.

In other Target Corporation news, insider Hourigan Rice Jacqueline sold 4,679 shares of Target Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Target Corporation (TGT) opened at 59.04 on Wednesday. Target Corporation has a 52-week low of $48.56 and a 52-week high of $79.33. The firm has a market cap of $32.25 billion, a price-to-earnings ratio of 11.93 and a beta of 0.62. The firm’s 50-day moving average is $59.51 and its 200-day moving average is $56.16.

Target Corporation (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 16th. The retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. Target Corporation had a net margin of 3.99% and a return on equity of 25.06%. The business had revenue of $16.43 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that Target Corporation will post $4.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, November 14th. Target Corporation’s dividend payout ratio (DPR) is 50.00%.

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About Target Corporation

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target Corporation (NYSE:TGT)

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