Davidson D A & Company Has Trimmed Its Stake in Target (TGT) by $2.44 Million as Stock Value Declined; Phi (PHIIK) Holder West Face Capital Has Trimmed Its Holding by $2.92 Million

June 16, 2018 - By Vivian Park

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Thomas Lenox Kempner decreased its stake in Target Corp (TGT) by 35.61% based on its latest 2018Q1 regulatory filing with the SEC. Davidson D A & Company sold 35,386 shares as the company’s stock declined 7.40% with the market. The hedge fund run by Thomas Lenox Kempner held 63,974 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $4.44 million, down from 99,360 at the end of the previous reported quarter. Davidson D A & Company who had been investing in Target Corp for a number of months, seems to be less bullish one the $41.19B market cap company. The stock increased 0.04% or $0.03 during the last trading session, reaching $77.25. About 6.78 million shares traded or 29.55% up from the average. Target Corporation (NYSE:TGT) has risen 31.38% since June 16, 2017 and is uptrending. It has outperformed by 18.81% the S&P500. Some Historical TGT News: 02/05/2018 – Wells Fargo Advisors LLC Exits Position in Target; 06/03/2018 – Target Announces Plans to Accelerate Multiyear Strategy; 23/05/2018 – TARGET CORP TGT.N CEO SAYS OPERATING INCOME CONTINUES TO REFLECT NEAR-TERM HEADWINDS DRIVEN BY LAST YEAR’S INVESTMENTS TO TRANSFORM THE BUSINESS; 06/03/2018 – TARGET: FREE TWO-DAY SHIPPING IS NOW AVAILABLE ON TARGET.COM; 06/03/2018 – Target Didn’t Miss the Digital Mark–Heard on the Street; 05/04/2018 – Law Firm: Job Applicants Enter Settlement With Target Corp Over Discriminatory Criminal Background Screening Policy; 06/03/2018 – TARGET TO RAISE MINIMUM HOURLY WAGE TO $12/HR THIS SPRING; 06/03/2018 – TARGET SEES 1Q ADJ EPS $1.25 TO $1.45; 23/05/2018 – Target 1Q Net $718M; 06/03/2018 – TARGET CORP TGT.N SEES FY 2018 ADJUSTED SHR $5.15 TO $5.45

Greg Boland decreased its stake in Phi Inc (PHIIK) by 11.08% based on its latest 2018Q1 regulatory filing with the SEC. West Face Capital Inc sold 291,826 shares as the company’s stock rose 12.09% while stock markets declined. The hedge fund run by Greg Boland held 2.34 million shares of the transportation company at the end of 2018Q1, valued at $23.97 million, down from 2.63 million at the end of the previous reported quarter. West Face Capital Inc who had been investing in Phi Inc for a number of months, seems to be less bullish one the $185.38 million market cap company. The stock increased 4.25% or $0.48 during the last trading session, reaching $11.78. About 72,647 shares traded or 101.62% up from the average. PHI, Inc. (NASDAQ:PHIIK) has risen 27.51% since June 16, 2017 and is uptrending. It has outperformed by 14.94% the S&P500. Some Historical PHIIK News: 09/04/2018 – PHI Group Cooperates with German and Indonesian Companies to Provide Logistical and Payment Solutions to Indonesian Maritime Tr; 15/05/2018 – Vanguard Group Buys New 3.8% Position in PHI; 09/05/2018 – IMF BENTHAM – REFERS TO PREVIOUS ANNOUNCEMENT THAT IT PROPOSED TO FUND A CLASS ACTION AGAINST AMP LIMITED CONDUCTED BY PHI FINNEY MCDONALD LAWYERS; 04/05/2018 – PHI INCREASE SALES IN FOURTH QUARTER, AS WELL; 04/05/2018 – PHI 1Q Loss/Shr $1.07; 04/05/2018 – PHI INC – QTRLY SHR LOSS $1.07; 27/03/2018 – Moody’s: PHI’s Speculative Grade Liquidity Rating Was Downgraded to SGL-4 From SGL-2; 17/05/2018 – PHASE HOLOGRAPHIC IMAGING PHI AB PHIG.TE – SUBSCRIPTION PERIOD: JUNE 28 – JULY 17, 2018; 12/03/2018 – PHI Group Provides Project and Revenue Updates; 27/03/2018 – MOODY’S DOWNGRADES PHI’S CFR TO B3 FROM B2; NEGATIVE OUTLOOK

More notable recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: “At What Point Do I Sell Target?” on June 14, 2018, also Seekingalpha.com with their article: “Target: A Financially Absent Board” published on May 24, 2018, Seekingalpha.com published: “Target continues to break out” on June 05, 2018. More interesting news about Target Corporation (NYSE:TGT) were released by: Seekingalpha.com and their article: “Sell Target Into Earnings” published on May 23, 2018 as well as Benzinga.com‘s news article titled: “3 Reasons Target Is A Better Investment Than Best Buy, According To Morgan Stanley” with publication date: June 08, 2018.

Davidson D A & Company, which manages about $9.65B and $4.84 billion US Long portfolio, upped its stake in Duke Energy Corp New (NYSE:DUK) by 12,809 shares to 95,137 shares, valued at $7.37M in 2018Q1, according to the filing. It also increased its holding in Cryoport Inc by 47,400 shares in the quarter, for a total of 157,400 shares, and has risen its stake in Ishares Tr (EFA).

Analysts await Target Corporation (NYSE:TGT) to report earnings on August, 15. They expect $1.39 earnings per share, up 13.01% or $0.16 from last year’s $1.23 per share. TGT’s profit will be $741.06 million for 13.89 P/E if the $1.39 EPS becomes a reality. After $1.32 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts 5.30% EPS growth.

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