Cigna Investments Inc. New Cuts Stake in Tractor Supply Company (TSCO)

Cigna Investments Inc. New cut its position in Tractor Supply Company (NASDAQ:TSCO) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,025 shares of the specialty retailer’s stock after selling 355 shares during the period. Cigna Investments Inc. New’s holdings in Tractor Supply were worth $272,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSCO. Vanguard Group Inc. increased its position in Tractor Supply by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,348,781 shares of the specialty retailer’s stock worth $851,697,000 after buying an additional 341,446 shares during the period. BlackRock Inc. increased its position in Tractor Supply by 2,934.4% in the first quarter. BlackRock Inc. now owns 7,835,590 shares of the specialty retailer’s stock worth $540,419,000 after buying an additional 7,577,362 shares during the period. Bank of New York Mellon Corp increased its position in Tractor Supply by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 6,386,058 shares of the specialty retailer’s stock worth $440,447,000 after buying an additional 425,355 shares during the period. State Street Corp increased its position in Tractor Supply by 4.2% in the first quarter. State Street Corp now owns 5,695,059 shares of the specialty retailer’s stock worth $392,790,000 after buying an additional 230,443 shares during the period. Finally, William Blair Investment Management LLC increased its position in Tractor Supply by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,098,428 shares of the specialty retailer’s stock worth $282,669,000 after buying an additional 326,235 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tractor Supply Company (NASDAQ TSCO) opened at 54.76 on Tuesday. The firm’s 50-day moving average is $53.60 and its 200-day moving average is $61.47. The company has a market capitalization of $6.94 billion, a PE ratio of 16.55 and a beta of 1.32. Tractor Supply Company has a 12-month low of $49.87 and a 12-month high of $86.25.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.27 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.02 billion. Tractor Supply had a return on equity of 30.56% and a net margin of 6.16%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, equities research analysts anticipate that Tractor Supply Company will post $3.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.97%. Tractor Supply’s dividend payout ratio is presently 32.53%.

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A number of equities analysts have recently weighed in on TSCO shares. Piper Jaffray Companies set a $55.00 price target on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Tractor Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. UBS AG downgraded shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. BMO Capital Markets upped their price target on shares of Tractor Supply from $57.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, CIBC downgraded shares of Tractor Supply from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 4th. Nineteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tractor Supply currently has a consensus rating of “Hold” and an average price target of $74.91.

Tractor Supply Company Profile

Tractor Supply Company is an operator of rural lifestyle retail stores in the United States. The Company is focused on supplying the needs of recreational farmers and ranchers and others, as well as tradesmen and small businesses. It is engaged in the retail sale of products that support the rural lifestyle.

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

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