Altavista Wealth Management Inc. lifted its position in Tractor Supply (NASDAQ:TSCO) by 25.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,427 shares of the specialty retailer’s stock after acquiring an additional 12,667 shares during the quarter. Tractor Supply makes up about 2.2% of Altavista Wealth Management Inc.’s holdings, making the stock its 12th biggest holding. Altavista Wealth Management Inc.’s holdings in Tractor Supply were worth $6,103,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth $25,000. Icon Wealth Partners LLC acquired a new position in shares of Tractor Supply during the 1st quarter worth $27,000. Rational Advisors LLC increased its stake in shares of Tractor Supply by 570.9% during the 4th quarter. Rational Advisors LLC now owns 369 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 314 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth $31,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Tractor Supply during the 4th quarter worth $33,000. Institutional investors and hedge funds own 81.97% of the company’s stock.
NASDAQ TSCO opened at $107.28 on Thursday. The company has a quick ratio of 0.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.43. The firm has a market cap of $13.10 billion, a P/E ratio of 24.89, a PEG ratio of 2.01 and a beta of 1.07. Tractor Supply has a 1 year low of $73.46 and a 1 year high of $109.67.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a dividend of $0.35 per share. This is an increase from Tractor Supply’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, May 24th. Tractor Supply’s dividend payout ratio is currently 32.48%.
In other Tractor Supply news, SVP Chad Michael Frazell sold 7,835 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $100.07, for a total value of $784,048.45. Following the completion of the sale, the senior vice president now directly owns 20,982 shares of the company’s stock, valued at approximately $2,099,668.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Benjamin F. Parrish, Jr. sold 37,596 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $99.00, for a total transaction of $3,722,004.00. Following the completion of the sale, the executive vice president now directly owns 26,549 shares of the company’s stock, valued at $2,628,351. The disclosure for this sale can be found here. Over the last three months, insiders sold 328,051 shares of company stock valued at $33,304,084. Insiders own 1.50% of the company’s stock.
TSCO has been the topic of several analyst reports. BidaskClub lowered shares of Tractor Supply from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Gordon Haskett upgraded shares of Tractor Supply from an “accumulate” rating to a “buy” rating in a research note on Thursday, March 21st. Wells Fargo & Co restated a “buy” rating and set a $115.00 price target on shares of Tractor Supply in a research note on Wednesday, May 15th. Morgan Stanley increased their price target on shares of Tractor Supply from $89.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Loop Capital increased their price target on shares of Tractor Supply to $106.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $98.42.
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Tractor Supply Profile
Tractor Supply Company operates rural lifestyle retail stores in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use.
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