Great Valley Advisor Group Inc. Has $430,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

Great Valley Advisor Group Inc. cut its stake in shares of Tractor Supply (NASDAQ:TSCO) by 16.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,479 shares of the specialty retailer’s stock after selling 294 shares during the period. Great Valley Advisor Group Inc.’s holdings in Tractor Supply were worth $430,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Tractor Supply by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock valued at $303,278,000 after buying an additional 110,342 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Tractor Supply by 3.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 830,193 shares of the specialty retailer’s stock worth $241,528,000 after acquiring an additional 29,730 shares in the last quarter. Provident Trust Co. lifted its stake in Tractor Supply by 1.7% in the third quarter. Provident Trust Co. now owns 679,701 shares of the specialty retailer’s stock valued at $197,745,000 after acquiring an additional 11,139 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Tractor Supply by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 631,406 shares of the specialty retailer’s stock valued at $183,695,000 after acquiring an additional 8,142 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of Tractor Supply by 0.4% during the 3rd quarter. King Luther Capital Management Corp now owns 454,290 shares of the specialty retailer’s stock worth $132,166,000 after purchasing an additional 2,018 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the transaction, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. This trade represents a 70.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Tractor Supply Stock Down 2.0 %

Shares of NASDAQ TSCO opened at $280.19 on Wednesday. The stock has a market capitalization of $29.94 billion, a P/E ratio of 27.26, a PEG ratio of 3.53 and a beta of 0.82. The stock’s fifty day moving average is $284.23 and its 200 day moving average is $275.68. Tractor Supply has a 52 week low of $197.00 and a 52 week high of $307.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48.

Tractor Supply Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.57%. The ex-dividend date is Monday, November 25th. Tractor Supply’s dividend payout ratio is currently 42.80%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TSCO shares. UBS Group raised their target price on shares of Tractor Supply from $272.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Gordon Haskett cut Tractor Supply from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, October 24th. Telsey Advisory Group reissued an “outperform” rating and set a $335.00 target price on shares of Tractor Supply in a report on Thursday, October 24th. Truist Financial cut their price target on Tractor Supply from $325.00 to $317.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, DA Davidson upped their price objective on shares of Tractor Supply from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tractor Supply currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.59.

Tractor Supply Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.