Tractor Supply (NASDAQ:TSCO) Stock Holdings Lowered by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC lessened its stake in Tractor Supply (NASDAQ:TSCO) by 10.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,165 shares of the specialty retailer’s stock after selling 143 shares during the period. International Private Wealth Advisors LLC’s holdings in Tractor Supply were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Tractor Supply in the third quarter worth approximately $29,000. First Personal Financial Services purchased a new stake in shares of Tractor Supply in the third quarter worth approximately $29,000. LRI Investments LLC purchased a new stake in shares of Tractor Supply in the first quarter worth approximately $28,000. Whittier Trust Co. lifted its position in shares of Tractor Supply by 60.9% in the second quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of Tractor Supply by 700.0% in the first quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 98.72% of the company’s stock.

Analysts Set New Price Targets

TSCO has been the topic of a number of research reports. UBS Group increased their price objective on Tractor Supply from $272.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Robert W. Baird set a $320.00 price objective on Tractor Supply in a report on Thursday, October 17th. Citigroup downgraded Tractor Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Evercore ISI downgraded Tractor Supply from an “outperform” rating to an “in-line” rating and set a $300.00 price target on the stock. in a report on Thursday, October 3rd. Finally, Melius Research assumed coverage on shares of Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $282.82.

Tractor Supply Price Performance

Shares of NASDAQ:TSCO traded up $2.21 on Thursday, hitting $280.96. The stock had a trading volume of 62,122 shares, compared to its average volume of 1,051,719. Tractor Supply has a twelve month low of $193.73 and a twelve month 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. The firm’s 50 day moving average price is $284.10 and its 200-day moving average price is $275.30. The company has a market capitalization of $30.02 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 3.50 and a beta of 0.82.

Tractor Supply Announces Dividend

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

Insider Activity

In other news, CFO Kurt D. Barton sold 23,532 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now owns 9,683 shares in the company, valued at approximately $2,862,682.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by corporate insiders.

About Tractor Supply

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.