Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 34.28MM shares of Target Corporation (TGT). This represents 7.4% of the company.
In their previous filing dated February 1, 2022 they reported 39.46MM shares and 8.20% of the company, a decrease in shares of 13.13% and a decrease in total ownership of 0.80% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 5.41% Upside
As of January 30, 2023, the average one-year price target for Target is $177.81. The forecasts range from a low of $143.42 to a high of $220.50. The average price target represents an increase of 5.41% from its latest reported closing price of $168.68.
The projected annual revenue for Target is $109,473MM, an increase of 0.69%. The projected annual EPS is $5.58, a decrease of 24.56%.
Fund Sentiment
There are 3029 funds or institutions reporting positions in Target. This is a decrease of 67 owner(s) or 2.16%.
Average portfolio weight of all funds dedicated to US:TGT is 0.3956%, a decrease of 1.7226%. Total shares owned by institutions increased in the last three months by 3.29% to 428,777K shares.
What are large shareholders doing?
Capital World Investors holds 17,319,596 shares representing 3.76% ownership of the company. In it's prior filing, the firm reported owning 15,172,758 shares, representing an increase of 12.40%. The firm increased its portfolio allocation in TGT by 26.75% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,724,616 shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 13,655,438 shares, representing an increase of 0.50%. The firm increased its portfolio allocation in TGT by 10.08% over the last quarter.
Bank Of America holds 12,914,655 shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 12,397,531 shares, representing an increase of 4.00%. The firm decreased its portfolio allocation in TGT by 70.94% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,511,486 shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 10,235,783 shares, representing an increase of 2.62%. The firm increased its portfolio allocation in TGT by 11.58% over the last quarter.
Wells Fargo holds 10,133,971 shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 10,790,018 shares, representing a decrease of 6.47%. The firm increased its portfolio allocation in TGT by 3.94% over the last quarter.
Target Background Information
(This description is provided by the company.)
Minneapolis-based Target Corporation serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
