Will Office Depot’s Gross Q3 Margins Gratify These Top Institutional Shareholders?

Office Depot (NYSE:ODP) had a third quarter earnings per share of $0.06 which beat estimates by $0.05, while revenues are in line at $2.7 billion, though down 5% year-on-year. Sales of portable devices such as tablets and e-readers show a rising trend, while computers and accessories are down on a year-on-year basis. Gross margins are up 90 bps in the quarter.

Will Office Depot’s shareholders increase their holdings?  They reported owning a total of 10.369 million shares on 09/30/2012. The shares closed at $2.56 on 09/30/2012.

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Here are the ten largest positions in Office Depot, Inc. at the end of September 30th, 2012.

Bank of New York Mellon Corp. held 3,053,471 shares on 09/30/2012 worth $7,816,886. This brought the portfolio total to 0.0%.

Charles Schwab  Investment Management Inc. held 1,598,862 shares on 09/30/2012 worth $4,093,087. This brought the portfolio total to 0.01%.

Rhumbline AdviserS held 657,667 shares on 09/30/2012 worth $1,683,627. This brought the portfolio total to 0.01%.

Oxford Asset Management held 649,117 shares on 09/30/2012 worth $1,661,739. This brought the portfolio total to 0.02%.

Marathon Asset Management LLP. held 572,558 shares on 09/30/2012 worth $1,465,748. This brought the portfolio total to 0.02%.

Metropolitan Life Insurance Co./NY held 442,697 shares on 09/30/2012 worth $1,133,304. This brought the portfolio total to 0.01%.

Strs Ohio held 391,100 shares on 09/30/2012 worth $1,001,216. This brought the portfolio total to 0.0%.

State of New Jersey Common Pension Fund A held 375,000 shares on 09/30/2012 worth $960,000. This brought the portfolio total to 0.01%.

State board of Administration of Florida Retirement System held 263,921 shares on 09/30/2012 worth $675,638. This brought the portfolio total to 0.0%.

Manulife Asset Management (North America) Ltd. held 261,252 shares on 09/30/2012 worth $668,805. This brought the portfolio total to 0.01%.

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