Hedge Funds LOVE these 10 Dow Jones Industrial Average Stocks

I’ve discovered a list the 30 companies in the Dow Jones Industrial Average (NYSE:DIA) sorted by the number of hedge funds investing in each company.  Ninety-three hedge funds are bullish on Microsoft (NASDAQ:MSFT), holding almost $5.4 billion in the company’s shares at the end of March.

Following is information on the 10 most-popular holdings for hedge funds:

  1. Microsoft Corp. (NASDAQ:MSFT): 93 funds hold shares worth $5.378 billion.  The shares have traded in a 52-week range of $22.73 to $29.46 and most recently traded at $24.84.  Its market capitalization is $209 billion, its forward price-to-earnings ratio is 8.96, and its price-to-earnings growth ratio is 0.93. About the company: Microsoft Corporation develops, manufactures, licenses, sells, and supports software products.  The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software.  Microsoft also develops video game consoles and digital music entertainment devices.
  2. JPMorgan Chase (NYSE:JPM): 83 funds hold shares worth $7.027 billion.  The shares have traded in a 52-week range of $35.16 to $48.36 and most recently traded at $42.19.  Its market capitalization is $167 billion, its forward price-to-earnings ratio is 7.47, and its price-to-earnings growth ratio is 0.98.  About the company: JPMorgan Chase & Co. provides global financial services and retail banking.  The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance.  JP Morgan Chase serves business enterprises, institutions, and individuals.
  3. Pfizer Inc. (NYSE:PFE): 72 funds hold shares worth $5.235 billion.  The shares have traded in a 52-week range of $14 to $21.45 and most recently traded at $21.22.  Its market capitalization is $167 billion, its forward price-to-earnings ratio is 9.37, and its price-to-earnings growth ratio is 3.32.  About the company: Pfizer, Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals.  The Company’s products include prescription pharmaceuticals, non-prescription self-medications, and animal health products such as anti-infective medicines and vaccines.
  4. Bank of America (NYSE:BAC): 67 funds hold shares worth $5.578 billion.  The shares have traded in a 52-week range of $10.91 to $16.10 and most recently traded at $11.45.  Its market capitalization is $116 billion, its forward price-to-earnings ratio is 6.71, and its price-to-earnings growth ratio is 1.34.  About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services.  The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  5. Johnson & Johnson (NYSE:JNJ): 55 funds hold shares worth $4.653 billion.  The shares have traded in a 52-week range of $56.86 to $67.37 and most recently traded at $66.92.  Its market capitalization is $183 billion, its forward price-to-earnings ratio is 12.66, and its price-to-earnings growth ratio is 2.07.  Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets.  The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world.
  6. Cisco Systems, Inc. (NASDAQ:CSCO): 51 funds hold shares worth $2.993 billion.  The shares have traded in a 52-week range of $16.11 to $26 and most recently traded at $16.59 per share.  Its market capitalization is $91.39 billion, its forward price-to-earnings ratio is 9.61, and its price-to-earnings growth ratio is 1.03.  About the company: Cisco Systems, Inc. supplies data networking products for the Internet.  The Company’s Internet Protocol-based networking solutions are installed at corporations, public institutions and telecommunication companies worldwide.  The Company’s solutions transport data, voice, and video within buildings, across campuses, and around the world.
  7. Exxon Mobil (NYSE:XOM): 48 funds hold shares worth $2.525 billion.  The shares have traded in a 52-week range of $55.94 to $88.23 and most recently traded at $83.04.  Its market capitalization is $408 billion, its forward price-to-earnings ratio is 9.07, and its price-to-earnings growth ratio is 1.45.  About the company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations.  Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  8. Hewlett Packard Co. (NYSE:HPQ): 46 funds hold shares worth $2.718 billion.  The shares have traded in a 52-week range of $35.44 to $49.39 and most recently traded at $36.85.  Its market capitalization is $79.3 billion, its forward price-to-earnings ratio is 6.98, and its price-to-earnings growth ratio is 0.77.  Hewlett-Packard Company provides imaging and printing systems, computing systems, and information technology services for business and home.  The Company’s products include laser and inkjet printers, scanners, copiers and faxes, personal computers, workstations, storage solutions, and other computing and printing systems.  Hewlett-Packard sells its products worldwide.
  9. McDonald’s Corp. (NYSE:MCD): 43 funds hold shares worth $1.396 billion.  The shares have traded in a 52-week range of $65.31 to $83.08 and most recently traded at $81.48.  Its market capitalization is $84.5 billion, its forward price-to-earnings ratio is 14.65, and its price-to-earnings growth ratio is 1.55.  About the company: McDonald’s Corporation operates and franchises fast-food restaurants worldwide.  The Company’s franchised and company operated fast food restaurants offer a variety of low price fast foods in locations around the world.
  10. Intel Corp. (NASDAQ:INTC): 42 funds hold shares worth $2.725 billion.  The shares have traded in a 52-week range of $17.60 to $23.96 and most recently traded at $22.37.  Its market capitalization is $118 billion, its forward price-to-earnings ratio is 9.37, and its price-to-earnings growth ratio is 0.83.  About the company: Intel Corporation designs, manufactures, and sells computer components and related products.  The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

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(Dollar value of the holdings is taken from Seeking Alpha; all other data comes from Yahoo! Finance and our own internal data.)

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