Capital World Investors Holds 25.3M Target Shares

TL;DR

**Capital World Investors still owns a huge chunk of Target, signaling continued institutional confidence.**

AI Summary

Capital World Investors, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing their beneficial ownership of 25,340,443 shares of Target Corp. common stock as of December 29, 2023. This filing indicates a significant institutional stake in Target, which could be seen as a vote of confidence from a major investor. For shareholders, this means a large, influential entity has a substantial interest in Target's performance, potentially providing some stability or influence on corporate governance.

Why It Matters

This filing shows a major institutional investor, Capital World Investors, maintains a significant stake in Target, which can influence stock stability and investor sentiment.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility risk for the stock.

Analyst Insight

An investor should note that a major institutional player like Capital World Investors maintains a substantial, stable position in Target, suggesting long-term confidence. This could be a positive signal, but further research into Target's fundamentals and Capital World Investors' overall strategy would be prudent.

Key Numbers

• 25,340,443 — Shares Beneficially Owned (Represents Capital World Investors' sole voting power in Target Corp. as of December 29, 2023.)

Key Players & Entities

• Capital World Investors (company) — the reporting person and institutional investor
• Target Corp. (company) — the issuer of the securities
• 25,340,443 (dollar_amount) — number of shares beneficially owned
• December 29, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Capital World Investors will maintain a significant stake in Target Corp. for the foreseeable future. (Capital World Investors) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000252.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Target Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 87612E106 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 87612E106 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 25,340,443 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 25,435,552 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,435,552 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.5% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Target Corp. (b) Address of Issuer's Principal Executive Offices 1000 Nicollet Mall, Minneapolis, MN 55403 Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 87612E106 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 25,435,552 ** (b) Percent of Class: 5.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 25,340,443 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 25,435,552 (iv) shared power to dispose or to direct the disposition of 0 **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 25,435,552 shares or 5.5% of the 461,661,800 shares believed to be outstanding. Item 5. Ownership of Five Percent or Less of Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the