Mon Sep 09 15:16:51 UTC 2024: ## Target’s Stock Sees Mixed Activity: Institutional Investors Adjust Holdings, Insider Sales Occur

**New York, NY -** Target Corporation (NYSE: TGT) experienced a mixed bag of activity in the second quarter, with institutional investors both buying and selling shares while insiders made significant stock sales.

Certuity LLC significantly reduced its stake in Target by 70.8%, selling off 5,089 shares, leaving them with 2,099 shares valued at $311,000. Meanwhile, several other institutional investors entered the market with new positions, including Triad Wealth Partners LLC, Ables Iannone Moore & Associates Inc., Slocum Gordon & Co LLP, Private Wealth Management Group LLC, and Scarborough Advisors LLC.

Despite this new influx, overall institutional ownership of Target stock remains high at 79.73%.

In notable insider transactions, Brian C. Cornell, CEO of Target, sold 45,000 shares at an average price of $158.67, for a total transaction of $7,140,150.00. Matthew A. Liegel, CAO, also sold 1,000 shares at an average price of $153.13, for a total value of $153,130.00.

Target’s stock opened at $151.28 on Monday and is currently trading at $151.29. The company announced a quarterly dividend of $1.12, representing a 2.96% yield.

Analysts have been mixed in their views on Target, with some increasing their price targets while others maintaining hold ratings. Stifel Nicolaus, Telsey Advisory Group, Jefferies Financial Group, Daiwa Capital Markets, and Wells Fargo & Company all boosted their target prices. Overall, Target’s stock holds a “Moderate Buy” rating with an average price target of $179.68.

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