Wednesday, January 18, 2017

Recent Buy --- TGT


Today I doubled my TGT position.





  • TGT: 40 shares @ $67.28 --- Yield  3.57%

Total capital invested is $2698.07 and will add $96.00 to my yearly dividends. These share have been under insane pressure recently having plummeted $10 over the last month.

I like the yield, dividend growth, and long term prospects. Amazon can't put everyone out of business....can they?

In other news, I closed out an XOM covered call that netted me around $120 and am currently trying to close 3 PFE covered calls that expire tomorrow. The strike price is $32 and the shares are hovering around $32.05 and are not cooperating with me today. I have a $.21 limit order to buy the calls against a $1.29 premium so I should net around $320 went the transaction occurs. This call should be closed when PFE falls back down to $32.

I am not dumping the shares over a few pennies if push comes to shove, but it would be nice to earn around 85% of the premium. We'll see how it goes.

Forward dividends are now around $6400.00.


16 comments:

  1. Replies
    1. Alex,

      I'll raise you......nevermind. Glad to join you in the purchase of TGT!

      MDP

      Delete
    2. hahaha im in the same position as you with cash on the sidelines just looking for deals but i believe your cash position is a tad bigger then mine lol keep it up brotha !

      Delete
  2. I bought a few too at $66.65 a piece. They've been up n down 10 dollars in 2 months time..

    ReplyDelete
    Replies
    1. Dolphin,

      Great job. It has been a roller coaster for sure. Hang on!

      MDP

      Delete
  3. Nice buy. I almost bought more shares on the price slide today. I'm going to wait and see what happens tomorrow.

    ReplyDelete
    Replies
    1. IH,

      Just got back from a mini vacation and the market has been all over the place. TIS and KMB were up big, BMY and JNJ are way down. TGT has been drifting lower I noticed.

      MDP

      Delete
  4. What's not to like about TGT? All these drops in prices have been well past what the stock deserves for its steady output. You made a good decision to double down while it's down. I doubt it will stay that way for long.

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    Replies
    1. DR,

      We'll see! I have seen it drop into the 50s a few years ago so it would be surprising if there is one final drop. No worries either way.

      MDP

      Delete
  5. I have traditionally stayed away from retail, but picked up Target in early 2014 at $60 after the credit breach, and when it was becoming apparent the foray into Canada was a disaster (which I witnessed first hand).

    Of the 34 stocks I own, Target is one of a handful I struggle with at times. I recognize it is quality company with a long history of increasing its dividend. On the other hand, I am concerned about its ability to compete with the gorilla in the room (i.e. Amazon), and I think big box retail in general may be at the start of a secular long term decline as a result.

    To their credit, Target appears to have seen the light, and is investing in their on-line platform, but Mr. Bezos has a huge first-mover advantage. I have no plans to sell in the short term, but will continue to pay close attention to see what progress Target is able to make.

    In any event, good for you for picking it up on the dip - as a fellow shareholder I hope it works out!

    ReplyDelete
    Replies
    1. DOD,

      If only AMZN would declare a 3% dividend! Someday they will I'm sure. There will always be a spot for large box stores as people aren't quite yet ready to buy food online. Some day though!

      MDP

      Delete
  6. Thank you for the real time update. Good to see a lot of dividend friends are buying TGT too. I sold a put on TGT with strike price $65. I didn't take any action yet at the moment. And I hope I'll get assigned on this option.

    ReplyDelete
    Replies
    1. MU,

      Lots of value popping up in an otherwise inflated market environment. I'm watching JNJ and BMY today.

      MDP

      Delete
  7. Seems like a bunch of people (from dividend community) have gotten into Target. I am generally stay away from brick and mortar stores . Online stores are eating into their profits. That being said Target is different, i still see a big line at checkout and lots of sale.

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    Replies
    1. dG,

      Crazy how technology can disrupt traditional powers. I don't think TGT is going the way of Kodak or Blockbuster any time soon.

      MDP

      Delete
  8. I recently bought some Target TGT shares myself with the increased dividend yield. I only picked up 15 shares myself. I am happy with the amount I purchased. Maybe next time I can get as many as you

    ReplyDelete