Phillips Wealth Planners LLC Has $454,000 Stock Position in Tractor Supply (NASDAQ:TSCO)

Phillips Wealth Planners LLC decreased its stake in shares of Tractor Supply (NASDAQ:TSCO) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,499 shares of the specialty retailer’s stock after selling 456 shares during the period. Phillips Wealth Planners LLC’s holdings in Tractor Supply were worth $454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Tractor Supply by 12.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,330,621 shares of the specialty retailer’s stock worth $871,691,000 after purchasing an additional 368,859 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Tractor Supply by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,123,280 shares of the specialty retailer’s stock worth $303,278,000 after purchasing an additional 110,342 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Tractor Supply by 4.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 800,463 shares of the specialty retailer’s stock worth $216,125,000 after purchasing an additional 37,071 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Tractor Supply by 67.4% during the 2nd quarter. Clearbridge Investments LLC now owns 403,710 shares of the specialty retailer’s stock worth $109,002,000 after purchasing an additional 162,533 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Tractor Supply by 5.6% during the 2nd quarter. Principal Financial Group Inc. now owns 368,161 shares of the specialty retailer’s stock worth $99,403,000 after purchasing an additional 19,393 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Tractor Supply Stock Up 0.4 %

TSCO opened at $266.57 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.17 and a debt-to-equity ratio of 0.81. Tractor Supply has a 1-year low of $191.38 and a 1-year high of $307.64. The stock has a market cap of $28.75 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.82. The stock’s fifty day simple moving average is $282.42 and its 200 day simple moving average is $273.71.

Tractor Supply Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.65%. The ex-dividend date was Monday, August 26th. Tractor Supply’s dividend payout ratio (DPR) is presently 42.80%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Mizuho boosted their price objective on Tractor Supply from $250.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wedbush reaffirmed a “neutral” rating and issued a $270.00 price target on shares of Tractor Supply in a research note on Friday, October 25th. Barclays upped their price target on Tractor Supply from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 price target on shares of Tractor Supply in a research note on Thursday, October 24th. Finally, Melius Research began coverage on Tractor Supply in a research note on Monday, September 23rd. They issued a “buy” rating and a $315.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Tractor Supply has a consensus rating of “Hold” and a consensus price target of $282.82.

Insider Activity at Tractor Supply

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Kurt D. Barton sold 23,532 shares of Tractor Supply stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by 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.