Target Corporation (NYSE:TGT) operates general merchandise
stores in the United States and Canada. Target is a dividend champion, which
has paid dividends since 1965 and raised them every year for 48 years in a row.
The most recent dividend increase was in June 2015, when the
Board of Directors approved a 7.70% increase in the quarterly dividend to 56
cents/share.
Among the hedge funds tracked by Insider Monkey, 34
investors reported long positions in Target Corporation worth $1.10 billion in
aggregate as of the end of March, down from 38 funds holding $1.29 billion
worth of shares a quarter earlier. These funds held around 2.20% of Target’s
outstanding stock. Principal Global Investors’ Columbus Circle Investors owns
2.36 million shares of Target Corporation as of the end of March.
The company’s largest competitors include Wal-Mart Stores,
Inc. (NYSE:WMT), Costco Wholesale Corporation (NASDAQ:COST) and Amazon.com,
Inc. (NASDAQ:AMZN).
Over the past decade this dividend growth stock has
delivered an annualized total return of 6.30% to its shareholders. Future
returns will be dependent on growth in earnings and dividend yields obtained by
shareholders.
Read more at Insider Monkey