Will Target’s Top Institutional Shareholders Buy More After Earnings?

In 2012, Target Corp.’s (NYSE:TGT) shares are up 25.46 percent. On Wednesday, the company reported better-than-expected second quarter earnings and increased its full-year forecast thanks to a rise in sales from the addition of groceries and more consumer spending through discount cards.

A Closer Look: Target Earnings Cheat Sheet>>

For the quarter, the company’s $704 million was unchanged but earnings per share rose to $1.06 from $1.03 in the previous year. This exceeded analysts’ estimates of $1.01. The company noted that the costs incurred for its Canadian entry slashed earnings by 9 cents per share.

With its positive second-quarter earnings report and higher full-year forecast, will Target’s largest shareholders increase their holdings? 988 institutional firms indicated owning shares of Target Corp. (NYSE:TGT) in Q2 2012. These firms reported owning a total of 519.172 million shares on 06/30/2012. The shares closed at $57.86 on 06/30/2012.

Here are the ten largest positions in Target Corp. at the end of June 30th, 2012.

State Street Corp held 60,989,642 shares on 06/30/2012 worth $3,548,987,184. This brought the portfolio total to 0.56%.

Vanguard Group Inc held 32,329,096 shares on 06/30/2012 worth $1,881,230,052. This brought the portfolio total to 0.26%.

Massachusetts Financial Services Co /MA/ held 27,721,004 shares on 06/30/2012 worth $1,613,085,185. This brought the portfolio total to 1.55%.

Wellington Management Co LLP held 21,513,854 shares on 06/30/2012 worth $1,251,891,135. This brought the portfolio total to 0.47%.

Blackrock Institutional Trust Company N.A. held 16,785,317 shares on 06/30/2012 worth $976,737,573. This brought the portfolio total to 0.23%.

FMR LLC held 14,415,324 shares on 06/30/2012 worth $838,827,684. This brought the portfolio total to 0.16%.

Grantham Mayo Van Otterloo & Co. LLC held 11,072,551 shares on 06/30/2012 worth $644,311,727. This brought the portfolio total to 1.97%.

JPMorgan Chase & Co held 10,943,532 shares on 06/30/2012 worth $636,804,112. This brought the portfolio total to 0.24%.

Northern Trust Corp held 9,866,500 shares on 06/30/2012 worth $574,131,621. This brought the portfolio total to 0.25%.

Brown Brothers Harriman & Co held 9,175,514 shares on 06/30/2012 worth $533,923,147. This brought the portfolio total to 3.45%.

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