As Target (TGT) Share Price Declined, Smead Capital Management Has Upped Position by $33.12 Million; As Bank Of The James Com (BOTJ) Stock Price Declined, Shareholder Pettyjohn Wood & White Has Cut Holding

February 24, 2018 - By Dolores Ford

Smead Capital Management Inc increased its stake in Target Corp (TGT) by 70.45% based on its latest 2017Q3 regulatory filing with the SEC. Smead Capital Management Inc bought 561,396 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 1.36M shares of the department and specialty retail stores company at the end of 2017Q3, valued at $80.15 million, up from 796,846 at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Target Corp for a number of months, seems to be bullish on the $40.99B market cap company. The stock increased 0.51% or $0.38 during the last trading session, reaching $75.41. About 5.48M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 24, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Pettyjohn Wood & White Inc decreased its stake in Bank Of The James Com (BOTJ) by 11.95% based on its latest 2017Q3 regulatory filing with the SEC. Pettyjohn Wood & White Inc sold 22,370 shares as the company’s stock declined 1.64% while stock markets rallied. The institutional investor held 164,753 shares of the finance company at the end of 2017Q3, valued at $2.39M, down from 187,123 at the end of the previous reported quarter. Pettyjohn Wood & White Inc who had been investing in Bank Of The James Com for a number of months, seems to be less bullish one the $66.07M market cap company. The stock decreased 2.08% or $0.32 during the last trading session, reaching $15.09. About 8,151 shares traded or 182.53% up from the average. Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) has risen 25.00% since February 24, 2017 and is uptrending. It has outperformed by 8.30% the S&P500.

Pettyjohn Wood & White Inc, which manages about $364.69 million and $269.66M US Long portfolio, upped its stake in Home Depot Inc (NYSE:HD) by 3,159 shares to 28,622 shares, valued at $4.68M in 2017Q3, according to the filing.

Among 28 analysts covering Target Corporation (NYSE:TGT), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Target Corporation had 84 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained Target Corporation (NYSE:TGT) on Tuesday, January 9 with “Hold” rating. Barclays Capital upgraded Target Corporation (NYSE:TGT) on Friday, January 5 to “Hold” rating. UBS maintained Target Corporation (NYSE:TGT) on Monday, June 19 with “Hold” rating. Cowen & Co maintained it with “Hold” rating and $6400 target in Thursday, July 13 report. Telsey Advisory Group maintained Target Corporation (NYSE:TGT) rating on Wednesday, January 18. Telsey Advisory Group has “Outperform” rating and $78 target. The firm has “Hold” rating given on Tuesday, October 3 by Jefferies. M Partners upgraded the shares of TGT in report on Thursday, August 17 to “Buy” rating. BMO Capital Markets maintained it with “Market Perform” rating and $87 target in Friday, August 21 report. Vetr upgraded the shares of TGT in report on Wednesday, September 2 to “Strong-Buy” rating. The stock of Target Corporation (NYSE:TGT) has “Neutral” rating given on Thursday, May 19 by JP Morgan.

Smead Capital Management Inc, which manages about $762.03 million and $2.10B US Long portfolio, decreased its stake in Tegna Inc by 47,958 shares to 3.50 million shares, valued at $46.64 million in 2017Q3, according to the filing. It also reduced its holding in Accenture Plc Ireland (NYSE:ACN) by 6,409 shares in the quarter, leaving it with 472,776 shares, and cut its stake in Paypal Hldgs Inc.

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