Morgan Stanley’s Top 5 Stock Picks for 2024

4. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 58

2024 Return so far: ~12%

Target Corporation (NYSE:TGT), headquartered in Minneapolis, Minnesota, is a prominent American retail corporation operating discount department stores and hypermarkets.

On March 13, Target Corporation (NYSE:TGT) declared a quarterly dividend of $1.10, slated for payment on June 10 to shareholders of record as of May 15. As of April 30, the stock offers a dividend yield of 2.78%.

Insider Monkey’s analysis of 933 hedge funds for the end of December 2023 revealed that 58 of them had investments in Target Corporation (NYSE:TGT). The largest shareholder in Target Corporation (NYSE:TGT) is Ric Dillon’s Diamond Hill Capital, with a $401 million investment.