Texas Permanent School Fund Has Cut By $389,220 Its Target (TGT) Position; Pioneer Floating Rate Trust (PHD)’s Sentiment Is 1.31

October 18, 2017 - By olga

Texas Permanent School Fund decreased Target Corp (TGT) stake by 4.61% reported in 2017Q2 SEC filing. Texas Permanent School Fund sold 7,485 shares as Target Corp (TGT)’s stock declined 14.90%. The Texas Permanent School Fund holds 155,014 shares with $8.11 million value, down from 162,499 last quarter. Target Corp now has $32.87B valuation. The stock decreased 0.02% or $0.01 on October 17, reaching $60.17. About shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since October 18, 2016 and is downtrending. It has underperformed by 33.21% the S&P500.

Pioneer Floating Rate Trust is a diversified, closed-end management investment company. The company has market cap of $299.83 million. The investment objective of the Trust is to provide a high level of current income and the Trust may seek preservation of capital to the extent consistent with its investment objective of high current income, as a secondary objective. It currently has negative earnings. The Trust invests in event-linked bonds and floating-rate bank loans.

Texas Permanent School Fund increased Rockwell Collins Inc (NYSE:COL) stake by 7,400 shares to 45,626 valued at $4.79 million in 2017Q2. It also upped Ryder Sys Inc (NYSE:R) stake by 23,483 shares and now owns 39,104 shares. Bank Of The Ozarks Inc (NASDAQ:OZRK) was raised too.

Among 25 analysts covering Target Corporation (NYSE:TGT), 6 have Buy rating, 3 Sell and 16 Hold. Therefore 24% are positive. Target Corporation had 65 analyst reports since July 21, 2015 according to SRatingsIntel. Telsey Advisory Group downgraded it to “Market Perform” rating and $58 target in Wednesday, March 1 report. The rating was initiated by Gordon Haskett on Tuesday, May 9 with “Sell”. The firm has “Hold” rating given on Monday, September 18 by Stifel Nicolaus. As per Monday, November 9, the company rating was initiated by Citigroup. Jefferies maintained it with “Hold” rating and $59.0 target in Thursday, August 31 report. Vetr upgraded the shares of TGT in report on Tuesday, August 25 to “Buy” rating. The rating was upgraded by M Partners on Thursday, August 17 to “Buy”. Zacks upgraded Target Corporation (NYSE:TGT) rating on Thursday, August 20. Zacks has “Hold” rating and $91 target. The company was maintained on Sunday, September 6 by Deutsche Bank. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, January 18 report.

Analysts await Target Corporation (NYSE:TGT) to report earnings on November, 15. They expect $0.85 EPS, down 18.27% or $0.19 from last year’s $1.04 per share. TGT’s profit will be $464.34M for 17.70 P/E if the $0.85 EPS becomes a reality. After $1.23 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts -30.89% negative EPS growth.

Camarda Financial Advisors Llc holds 6.66% of its portfolio in Pioneer Floating Rate Trust for 523,151 shares. Shaker Financial Services Llc owns 112,645 shares or 0.75% of their US portfolio. Moreover, Comerica Securities Inc has 0.28% invested in the company for 157,241 shares. The Texas-based Beacon Financial Group has invested 0.19% in the stock. City Of London Investment Management Co Ltd, a United Kingdom-based fund reported 99,263 shares.

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