How Will Target’s Top Institutional Shareholders React To This Warning?

Target (NYSE:TGT): Target has issued a warning on its first quarter sales performance, though it was hardly met with surprise given the initial slow start that the season had due to weather-related slumps. The retail chain expects its first quarter earnings to be slightly below its prior estimates, but reiterated its full year guidance. The first quarter results are due on May 22. Fellow retail giant Wal-Mart (NYSE:WMT) likely has a similar story, after slogging through the first couple of months with less than impressive sales, and more sporadic patterns as of late.

These institutional firms indicated owning shares of Target Corp. in Q1 2013. They reported owning a total of 43.279 million shares on 03/31/2013. The shares closed at $68.45 on 03/31/2013.

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Here are the ten largest positions in Target Corp. at the end of March 31st, 2013.

Vanguard Group Inc. held 33,278,157 shares on 03/31/2013 worth $2,277,889,745. This brought the portfolio total to 0.25%.

Parametric Portfolio Associates LLC held 1,519,293 shares on 03/31/2013 worth $103,995,601. This brought the portfolio total to 0.34%.

Everett Harris & Co. held 669,941 shares on 03/31/2013 worth $45,857,459. This brought the portfolio total to 1.85%.

James Investment Research Inc. held 491,360 shares on 03/31/2013 worth $33,634,000. This brought the portfolio total to 1.3%.

British Columbia Investment Management Corp. held 463,764 shares on 03/31/2013 worth $31,745,000. This brought the portfolio total to 0.36%.

Chevy Chase Trust Holdings Inc. held 456,855 shares on 03/31/2013 worth $31,271,723. This brought the portfolio total to 0.28%.

Rockefeller Financial Services Inc. held 438,392 shares on 03/31/2013 worth $30,007,931. This brought the portfolio total to 0.58%.

RNC Capital Management LLC held 405,662 shares on 03/31/2013 worth $27,768,000. This brought the portfolio total to 3.11%.

BB&T Corp. held 364,383 shares on 03/31/2013 worth $24,943,000. This brought the portfolio total to 1.03%.

Employees Retirement System of Texas held 324,400 shares on 03/31/2013 worth $22,205,179. This brought the portfolio total to 0.3%.

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