In just one week, Target’s stock price has tumbled over 10 points, a 16% drop in value. A devastatingly underwhelming earnings report reflecting “unexpected softness” in 4th Quarter 2016 sales and an abysmal brand perception rating have clearly spooked investors. To make matters worse, analysts are forcasting a bleak future for Target’s stock value and at least one commentator has suggested the price is “unlikely to recover this year.”
Obviously, allowing men into women’s restrooms and fitting rooms isn’t helping the Target’s financial situation as shoppers continue to do business #AnywhereButTARGET rather than support a company that promotes a dangerous agenda. And, while millions joined the movement to hold Target accountable for taking such a radical position, many don’t realize that they might be invested in a company placing that agenda over common-sense, and business-sense for that matter.
In fact, if you have invested in the following mutual funds, your dollars could be at risk* as these are the top holders of Target stock according to Yahoo Finance:
- Franklin Custodian Funds-Income Fund – 14,000,000 shares
- Vanguard Total Stock Market Index Fund – 11,790,039 shares
- Income Fund of America Inc – 9,450,000 shares
- Vanguard 500 Index Fund – 7,956,487 shares
- Vanguard Institutional Index Fund-Institutional Index Fund – 6,380,689 shares
- Dodge & Cox Stock Fund – 6,430,154 shares
- SPDR S&P 500 ETF Trust – 6,271,525 shares
- Fundamental Investors Inc – 4,700,000 shares
- MFS Series Trust I-MFS Value Fund – 4,079,013 shares
- Franklin Managed Trust – Rising Dividends Fund – 4,015,891 shares
Also, liberal companies like Bank of America and Wells Fargo are all listed as “Top Institutional Holders” of Target’s stock. If we’re making sure our shopping dollars don’t support Target’s radical agenda, doesn’t it make sense that our investment dollars go #AnywhereButTARGET as well?
Check with your financial advisor to see if your investments contain ownership and be sure to visit AnywhereButTARGET.com to join our movement.
*Content contained on or made available by 2ndVote is intended for informational purposes only and is not intended to and does not constitute investment advice. Please consult your financial advisor when making investment decisions.