5 Dividend Stocks to Buy According to Mark Coe’s Coe Capital Management

In this article, we discuss the top 5 dividend stocks to buy according to Mark Coe’s Coe Capital Management. If you want to read our detailed analysis of Mark Coe’s history, investment philosophy, and hedge fund performance, go directly to the 10 Dividend Stocks to Buy According to Mark Coe’s Coe Capital Management.

5. Target Corporation (NYSE:TGT)

Coe Capital Management’s Stake Value: $3,068,000

Percentage of Coe Capital Management’s 13F Portfolio: 2.89%

Dividend Yield: 1.47%

Number of Hedge Fund Holders: 66

Target Corporation (NYSE:TGT) is the eighth largest American retail corporation, offering discounted prices to its customers.

Coe Capital Management owns 12,691 shares in Target Corporation (NYSE:TGT) as of the end of June, amounting to $3.06 million, and making up 2.89% of Coe’s 13F portfolio. 

On October 14, Morgan Stanley analyst James Faucette kept an Overweight rating on the stock, with a price target of $140. Target Corporation (NYSE:TGT)’s FY2022 estimates look positive because of Affirm and Buy Now, Pay Later options provided to vendors and merchants, according to Faucette. 

Nelson Capital Management mentioned Target Corporation (NYSE:TGT) in its Q2 2021 investor letter. Here is what they said: 

“We added Target (tkr: TGT) to our consumer staples sector. Target offers a broad array of products in owned and known brand items at affordable prices. Its omni channel fulfilment centers allow customers to receive their items via in-store pickup, curbside pickup, same-day shipping and regular shipping while simultaneously reducing operating costs. With a significantly lower valuation than peers and a unique operating strategy, Target is an attractive holding.”