American National Insurance Co. TX continued to hold its stake in shares of Target Co. (NYSE:TGT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,075 shares of the retailer’s stock at the end of the first quarter. American National Insurance Co. TX’s holdings in Target were worth $9,110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Linscomb & Williams Inc. increased its stake in shares of Target by 0.7% in the fourth quarter. Linscomb & Williams Inc. now owns 3,274 shares of the retailer’s stock worth $236,000 after buying an additional 24 shares in the last quarter. Welch & Forbes LLC increased its stake in shares of Target by 0.3% in the first quarter. Welch & Forbes LLC now owns 8,150 shares of the retailer’s stock worth $450,000 after buying an additional 24 shares in the last quarter. Gould Asset Management LLC CA increased its stake in shares of Target by 0.3% in the fourth quarter. Gould Asset Management LLC CA now owns 8,275 shares of the retailer’s stock worth $598,000 after buying an additional 25 shares in the last quarter. Balentine LLC increased its stake in shares of Target by 1.0% in the third quarter. Balentine LLC now owns 3,114 shares of the retailer’s stock worth $214,000 after buying an additional 30 shares in the last quarter. Finally, TRUE Private Wealth Advisors increased its stake in shares of Target by 0.9% in the first quarter. TRUE Private Wealth Advisors now owns 4,488 shares of the retailer’s stock worth $238,000 after buying an additional 38 shares in the last quarter. Institutional investors own 88.53% of the company’s stock.

Institutional Ownership by Quarter for Target (NYSE:TGT)

Shares of Target Co. (NYSE TGT) traded up 0.92% during midday trading on Thursday, hitting $55.66. The stock had a trading volume of 5,165,327 shares. Target Co. has a one year low of $52.72 and a one year high of $79.33. The firm has a 50 day moving average price of $55.49 and a 200 day moving average price of $63.41. The stock has a market cap of $30.71 billion, a PE ratio of 11.41 and a beta of 0.63.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 17th. The retailer reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.30. The company had revenue of $16.02 billion for the quarter, compared to analyst estimates of $15.63 billion. Target had a return on equity of 25.18% and a net margin of 4.75%. Target’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. On average, equities analysts forecast that Target Co. will post $4.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, May 17th will be issued a $0.60 dividend. The ex-dividend date is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.31%. Target’s payout ratio is currently 42.93%.

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TGT has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Target in a research report on Monday, February 6th. They set an “outperform” rating and a $77.00 target price for the company. Vetr downgraded Target from a “strong-buy” rating to a “buy” rating and set a $72.80 target price for the company. in a research report on Thursday, February 9th. Susquehanna Bancshares Inc initiated coverage on Target in a research report on Friday, February 10th. They set a “neutral” rating and a $70.00 target price for the company. Zacks Investment Research upgraded Target from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. Finally, Cowen and Company reiterated a “market perform” rating and set a $75.00 target price on shares of Target in a research report on Tuesday, February 28th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Target currently has a consensus rating of “Hold” and an average price target of $65.49.

In other Target news, insider Don H. Liu acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were acquired at an average price of $57.00 per share, for a total transaction of $114,000.00. Following the acquisition, the insider now owns 56,983 shares in the company, valued at approximately $3,248,031. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Donald R. Knauss acquired 10,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The stock was acquired at an average price of $54.86 per share, for a total transaction of $548,600.00. Following the acquisition, the director now owns 16,431 shares in the company, valued at approximately $901,404.66. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company’s stock.

About Target

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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