State of Alaska Department of Revenue Has $6.38 Million Stock Holdings in Tractor Supply (NASDAQ:TSCO)

State of Alaska Department of Revenue lessened its stake in shares of Tractor Supply (NASDAQ:TSCO - Free Report) by 31.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,939 shares of the specialty retailer's stock after selling 10,230 shares during the quarter. State of Alaska Department of Revenue's holdings in Tractor Supply were worth $6,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. LRI Investments LLC acquired a new position in shares of Tractor Supply in the 1st quarter worth approximately $28,000. J.Safra Asset Management Corp grew its position in Tractor Supply by 700.0% in the 1st quarter. J.Safra Asset Management Corp now owns 112 shares of the specialty retailer's stock valued at $29,000 after buying an additional 98 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Tractor Supply during the 3rd quarter valued at about $29,000. Whittier Trust Co. raised its position in shares of Tractor Supply by 60.9% during the 2nd quarter. Whittier Trust Co. now owns 111 shares of the specialty retailer's stock worth $30,000 after buying an additional 42 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Tractor Supply in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 98.72% of the company's stock.

Tractor Supply Stock Down 0.4 %

NASDAQ TSCO traded down $1.19 during trading on Tuesday, reaching $268.80. 1,058,623 shares of the company's stock were exchanged, compared to its average volume of 1,051,896. The company's fifty day simple moving average is $282.46 and its 200-day simple moving average is $273.64. Tractor Supply has a fifty-two week low of $186.06 and a fifty-two week high of $307.64. The firm has a market capitalization of $29.00 billion, a PE ratio of 26.15, a P/E/G ratio of 3.42 and a beta of 0.80. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 26th were given a dividend of $1.10 per share. The ex-dividend date was Monday, August 26th. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. Tractor Supply's payout ratio is 42.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TSCO shares. Telsey Advisory Group reiterated an "outperform" rating and set a $335.00 price objective on shares of Tractor Supply in a research note on Thursday, October 24th. Melius Research started coverage on Tractor Supply in a research report on Monday, September 23rd. They set a "buy" rating and a $315.00 price target on the stock. Citigroup lowered Tractor Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their target price on Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price target on shares of Tractor Supply from $295.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $279.00.

Insider Activity

In related news, CFO Kurt D. Barton sold 23,532 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the transaction, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kurt D. Barton sold 23,532 shares of the 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 transaction, the chief financial officer now owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew L. Rubin sold 540 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $262.35, for a total value of $141,669.00. Following the completion of the transaction, 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. 0.58% of the stock is owned by corporate insiders.

Tractor Supply Profile

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.