Will Hewlett-Packard’s Top Institutional Shareholders Dump Shares After Whitman’s New Outlook?

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Shares of Hewlett-Packard (NYSE:HPQ) after CEO Meg Whitman recently said she expects the coming fiscal year to be another difficult one for the technology company, saying HP will experience a “broad-based profit decline.” The company projected revenue at its enterprise services to drop about 11 percent to 13 percent, and estimates earnings of $3.40 to $3.60 per share. On Thursday, Whitman told CNBC that rebuilding the company is a four or five year plan.

Will Hewlett-Packard’s largest shareholders increase their holdings? 18 institutional firms indicated owning shares of Hewlett-Packard Company (NYSE:HPQ) in Q3 2012. These firms reported owning a total of 1.635 million shares on 09/30/2012. The shares closed at $17.06 on 09/30/2012.

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Here are the ten largest positions in Hewlett-Packard Company at the end of September 30th, 2012.

Denali Advisors LLC held 541,100 shares on 09/30/2012 worth $9,231,166. This brought the portfolio total to 1.66%.

Kempner Capital Management Inc. held 380,315 shares on 09/30/2012 worth $6,488,174. This brought the portfolio total to 2.56%.

Nexus Investment Management Inc. held 288,750 shares on 09/30/2012 worth $4,926,075. This brought the portfolio total to 1.29%.

First Republic Investment Management Inc. held 81,267 shares on 09/30/2012 worth $1,386,415. This brought the portfolio total to 0.04%.

Cullinan Associates Inc held 60,659 shares on 09/30/2012 worth $1,034,843. This brought the portfolio total to 0.15%.

Park National Corp /oh/ held 45,579 shares on 09/30/2012 worth $777,578. This brought the portfolio total to 0.07%.

Neville Rodie & Shaw Inc held 42,724 shares on 09/30/2012 worth $728,871. This brought the portfolio total to 0.09%.

Bank of The West held 37,837 shares on 09/30/2012 worth $645,499. This brought the portfolio total to 0.12%.

BB&T Corp held 37,595 shares on 09/30/2012 worth $641,371. This brought the portfolio total to 0.03%.

Burke & Herbert Bank & Trust Co held 27,451 shares on 09/30/2012 worth $468,314. This brought the portfolio total to 0.55%.

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