Are H-P’s Top Institutional Shareholders Satisfied With the Game Plan?
For Hewlett-Packard Company (NYSE:HPQ), shares year-to-date are down 14.17 percent. On Thursday, the company reported its second quarter earnings and saw its adjusted net income come in at $0.98 cents per share, beating estimates of $0.91 cents per share. HP‘s announced plans to layoff 27,000 employees by October 2014 was greeted positively by analysts with RBC Capital Markets LLC analyst Amit Daryanani writing in a research note, “While we certainly don’t believe HP has resolved all their issues, we do see the company moving in the right direction.”
A Closer Look: H-P Earnings Cheat Sheet>>
According to Reuters, on Thursday, at least three brokerages increased their price targets on HP’s (NYSE:HPQ) stock.
885 institutional firms indicated owning shares of Hewlett-Packard Company (NYSE:HPQ) in Q1 2012. These firms reported owning a total of 1.212 billion shares on 03/31/2012 . The shares closed at $23.83 on 03/31/2012.
Here are the ten largest positions in Hewlett-Packard Company at the end of March 31st, 2012.
Dodge & Cox held 138,396,067 shares on 03/31/2012 worth $3,297,978,266.
State Street Corp held 109,207,117 shares on 03/31/2012 worth $2,602,405,590.
Vanguard Group Inc held 80,440,419 shares on 03/31/2012 worth $1,916,895,179.
FMR LLC held 54,992,860 shares on 03/31/2012 worth $1,310,479,850.
Blackrock Institutional Trust Company N.A. held 50,973,101 shares on 03/31/2012 worth $1,214,688,993.
Alliancebernstein L.P. held 42,832,601 shares on 03/31/2012 worth $1,020,700,879.
State Farm Mutual Automobile Insurance Co held 42,070,800 shares on 03/31/2012 worth $1,002,547,161.
Grantham Mayo Van Otterloo & Co. LLC held 28,376,157 shares on 03/31/2012 worth $676,203,819.
Invesco Ltd. held 23,180,362 shares on 03/31/2012 worth $552,388,025.
Bank of New York Mellon Corp held 21,278,639 shares on 03/31/2012 worth $507,069,966.
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