Will Xerox’s Forward Outlook Cause These Top Institutional Shareholders to Rejoice?

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Xerox Corp. (NYSE:XRX) provided a forward outlook at their annual investor conference today. For 2013, they expect adjusted earnings per share in the range $1.09-$1.15 on revenues which could range from flat to +2% while operating cash flow is expected in the range $2.1 billion-$2.4 billion. Dividends are planned to be hiked by 35% to 5.75 cents per quarter, effective for the April 30, 2013 payout. For the fourth quarter of 2012, the company revised their outlook on an adjusted earning per share of $.28-$.30.

Will Xerox Corp.’s shareholders increase their holdings? They reported owning a total of 249.321 million shares on 09/30/2012. The shares closed at $7.34 on 09/30/2012.

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Here are the ten largest positions in Xerox Corp. at the end of September 30th, 2012.

Franklin Resources Inc. held 74,254,743 shares on 09/30/2012 worth $545,029,825. This brought the portfolio total to 0.35%.

Bank of New York Mellon Corp. held 18,690,696 shares on 09/30/2012 worth $137,189,711. This brought the portfolio total to 0.05%.

LSV Asset Management held 17,262,900 shares on 09/30/2012 worth $126,709,689. This brought the portfolio total to 0.38%.

First Pacific Advisors LLC. held 13,988,800 shares on 09/30/2012 worth $102,677,794. This brought the portfolio total to 1.25%.

Blackrock Group Ltd. held 8,414,087 shares on 09/30/2012 worth $61,759,400. This brought the portfolio total to 0.05%.

Munder Capital Management held 8,375,517 shares on 09/30/2012 worth $61,476,296. This brought the portfolio total to 0.58%.

North Run Capital LP. held 7,600,000 shares on 09/30/2012 worth $55,784,001. This brought the portfolio total to 7.5%.

Charles Schwab  Investment Management Inc. held 6,576,282 shares on 09/30/2012 worth $48,269,911. This brought the portfolio total to 0.13%.

Legal & General Group PLC. held 5,867,711 shares on 09/30/2012 worth $43,069,000. This brought the portfolio total to 0.07%.

Sumitomo Mitsui Trust Holdings Inc. held 4,384,761 shares on 09/30/2012 worth $32,184,146. This brought the portfolio total to 0.06%.

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