Recent Purchase – Target And T. Rowe Price

You have to love Mr. Market when the trend turns lower. You have to be prepared, the artillery ready and the decisiveness to your actions. I am so lucky that I was ready last week, especially on Monday the 12th, when the market plunged downward and I had been prepared to make a purchase or two. Those two purchases happened to be Target (TGT) and T. Rowe Price (TROW).

Target Corporation (TGT) Stock Purchase


Have to love the #RedCard with Target (TGT)! From my recent September watch list posted last week, it just so happened to chime well right into my stock purchases. There, I talked about the stock price tanking to $69, and, well, I wanted TGT at a 3.50% yield, which calculated out to be $68.57. I had a limit order set and BAM!  The limit order triggered and 25 shares was added to my total pile of TGT stock. If you recall, as well, I need 300 shares of TGT to use their dividends to help pay for the food bill, and oddly enough, this gets me closer, haha!  All in all, the quick re-cap of TGT at $68.57: Price to Earnings (P/E) was 13.55, payout ratio at 47%, dividend yield 3.50% and they also have repurchased their shares like crazy.

Though this doesn’t fulfill my – extremely large purchase of $3,000 and up, in order for me to reduce trading costs, but this is quite alright. All in all – the 25 shares purchased costs, as you can see above, a total of $1,721.20. The 25 shares added $60 to my forward income or $15 per quarter going forward. I also now own a total of 106+ shares of TGT that produces a total $256 going forward. Very fortunate and excited for the December dividend, that’s for sure.  But wait… I didn’t stop there.

T. Rowe Price (TROW) Stock Purchase


Similarly as mentioned in the watch list article. That price point, at the time, was $67.48 and I set a solid flat limit order of $67.00 or slight 0.7% decline. Also – wanted to see if I could have purchased it before their ex-date. Damn I got lucky. Monday morning this one triggered as well and the $67.00 was hit with another 25 shares added to my T. Rowe Price (TROW) share total! Similar to above, a quick re-cap of TROW at $67.00: Price to Earnings (P/E) was 15.88, payout ratio at 51%, dividend yield 3.22% and they also have been buying back shares consistently.

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Carl Schwartz 4 years ago Member's comment

Looks like smart buys. $TGT $TROW