Will Family Dollar’s Favorite Institutional Investors Fear a Slowing Discount Consumer?

Following the first half of 2012 trading, Family Dollar Stores Inc.’s (NYSE:FDO) shares are up 18.12 percent. Family Dollar’s recent stock decline came after reporting its fiscal third-quarter profit dropped a penny shy of analysts’ expectations. Its same-store sales increased five percent; this was at the low end of the company’s previous guidance range, reported MarketWatch.

A Closer Look: Family Dollar Earnings Cheat Sheet>>

With the company’s disappointing quarterly results, will Family Dollar’s largest shareholders decrease their holdings? 468 institutional firms indicated owning shares of Family Dollar Stores Inc. (NYSE:FDO) in Q1 2012. These firms reported owning a total of 100.871 million shares on 03/31/2012. The shares closed at $63.09 on 03/31/2012.

Here are the ten largest positions in Family Dollar Stores Inc. at the end of March 31st, 2012.

Trian Fund Management L.P. held 9,966,201 shares on 03/31/2012 worth $630,661,187. This brought the portfolio total to 16.03%.

Vanguard Group Inc held 6,798,749 shares on 03/31/2012 worth $430,224,828. This brought the portfolio total to 0.06%.

Bank of America Corp /DE/ held 5,306,119 shares on 03/31/2012 worth $335,771,204. This brought the portfolio total to 0.18%.

Franklin Resources Inc held 4,724,105 shares on 03/31/2012 worth $298,941,359. This brought the portfolio total to 0.2%.

State Street Corp held 4,305,882 shares on 03/31/2012 worth $272,476,208. This brought the portfolio total to 0.04%.

Blackrock Institutional Trust Company N.A. held 3,022,915 shares on 03/31/2012 worth $191,290,058. This brought the portfolio total to 0.04%.

Pennant Capital Management LLC held 2,867,281 shares on 03/31/2012 worth $181,441,538. This brought the portfolio total to 4.1%.

Pershing Square Capital Management L.P. held 2,614,863 shares on 03/31/2012 worth $165,468,527. This brought the portfolio total to 2.05%.

Neuberger Berman Group LLC held 2,613,429 shares on 03/31/2012 worth $165,377,784. This brought the portfolio total to 0.21%.

Scout Capital Management LLC held 2,431,163 shares on 03/31/2012 worth $153,843,992. This brought the portfolio total to 3.67%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:   , , , , ,  

More from The Cheat Sheet