Citigroup Adjusts Outlook for Ross Stores Amid Shifts in Fund Ownership
Citigroup Changes Course on Ross Stores
On November 12, 2024, Citigroup shifted its rating for Ross Stores (WBAG:ROST) from Buy to Neutral.
Current Fund Sentiment
Currently, there are 2,064 funds or institutions holding positions in Ross Stores. This figure marks an increase of 9 owners, or 0.44%, in the past quarter. The average portfolio weight of all funds invested in ROST stands at 0.37%, up by 2.12%. Over the last three months, total shares owned by institutions rose by 3.14%, reaching 343,869K shares.
Changes Among Major Shareholders
Price T Rowe Associates now holds 15,904K shares, equating to a 4.79% stake in Ross Stores. This represents a notable drop from their previous ownership of 17,920K shares, a decrease of 12.68%. During the last quarter, the firm also reduced its portfolio allocation in ROST by 14.20%.
In contrast, J.P. Morgan Chase has increased its holdings, now owning 14,109K shares, which accounts for 4.25% of the total. This is an increase from their last report of 10,165K shares, reflecting a rise of 27.95%. They also boosted their portfolio allocation in ROST by 33.38% during the past quarter.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 10,582K shares, representing 3.19% ownership. After reporting 10,597K shares previously, this shows a slight decrease of 0.14%. Their allocation in ROST also fell by 3.84% over the last three months.
Meanwhile, Primecap Management now holds 10,536K shares or 3.18%. Previously, they reported an ownership of 10,651K shares, indicating a decrease of 1.09%, while increasing their portfolio allocation by 4.05% in ROST.
Lastly, the Vanguard 500 Index Fund Investor Shares (VFINX) currently owns 8,606K shares, amounting to 2.59% ownership. This is a rise from their earlier report of 8,484K shares, which is an increase of 1.42%. However, they still reduced their overall allocation in ROST by 4.92% last quarter.
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