Vontobel Holding Ltd. Boosts Stock Position in Tractor Supply (NASDAQ:TSCO)

Vontobel Holding Ltd. grew its position in Tractor Supply (NASDAQ:TSCOGet Rating) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 119,676 shares of the specialty retailer’s stock after purchasing an additional 8,797 shares during the quarter. Vontobel Holding Ltd.’s holdings in Tractor Supply were worth $22,438,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TSCO. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Tractor Supply in the second quarter worth about $29,000. Wagner Wealth Management LLC acquired a new stake in Tractor Supply during the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. increased its stake in Tractor Supply by 84.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 195 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 89 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Tractor Supply by 40.8% during the second quarter. Larson Financial Group LLC now owns 200 shares of the specialty retailer’s stock worth $39,000 after buying an additional 58 shares during the period. Finally, CoreFirst Bank & Trust purchased a new position in shares of Tractor Supply during the second quarter worth $39,000. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Melissa Kersey sold 4,921 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $221.19, for a total transaction of $1,088,475.99. Following the transaction, the executive vice president now owns 4,573 shares in the company, valued at approximately $1,011,501.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Edna Morris sold 3,566 shares of the firm’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $217.27, for a total transaction of $774,784.82. Following the transaction, the director now owns 2,713 shares in the company, valued at approximately $589,453.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melissa Kersey sold 4,921 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $221.19, for a total transaction of $1,088,475.99. Following the completion of the transaction, the executive vice president now owns 4,573 shares in the company, valued at $1,011,501.87. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Tractor Supply Stock Down 0.3 %

TSCO stock opened at $214.86 on Wednesday. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.03 and a beta of 0.87. The company has a 50 day moving average of $218.95 and a two-hundred day moving average of $205.54. The company has a quick ratio of 0.21, a current ratio of 1.48 and a debt-to-equity ratio of 0.57. Tractor Supply has a 12-month low of $166.49 and a 12-month high of $241.54.

Tractor Supply Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 6th. Stockholders of record on Monday, November 21st were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.71%. Tractor Supply’s dividend payout ratio is currently 39.96%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley decreased their target price on Tractor Supply from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, October 21st. The Goldman Sachs Group lifted their target price on Tractor Supply from $213.00 to $238.00 and gave the stock a “buy” rating in a research report on Monday, December 12th. Raymond James dropped their price target on Tractor Supply from $245.00 to $235.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 21st. DA Davidson boosted their price target on Tractor Supply from $215.00 to $219.00 and gave the company a “neutral” rating in a research report on Monday. Finally, BNP Paribas upgraded Tractor Supply from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 12th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tractor Supply has an average rating of “Moderate Buy” and a consensus target price of $239.67.

Tractor Supply Profile

(Get Rating)

Tractor Supply Co engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del’s Feed & Farm Supply, and Petsense.

Featured Stories

Want to see what other hedge funds are holding TSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tractor Supply (NASDAQ:TSCOGet Rating).

Institutional Ownership by Quarter for Tractor Supply (NASDAQ:TSCO)

Receive News & Ratings for Tractor Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tractor Supply and related companies with MarketBeat.com's FREE daily email newsletter.