13F-HR 1 jun0713f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2007 Check here if Amendment [ ] Amendment Number: This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Flippin, Bruce & Porter, Inc. Address: 800 Main Street 2nd Floor Lynchburg, VA 24504 13F File Number: 28-1905 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Teresa L. Sanderson Title: Chief Compliance Officer Phone: (434) 845-4900 Signature, Place, and Date of Signing: Teresa L. Sanderson Lynchburg, Virginia August 9, 2007 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 81 Form 13F Information Table Value Total: 3,379,256 List of Other Included Managers: FORM 13F INFORMATION TABLE VALUE SHARES/ SH/PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLACUSIP (X$1000) PRN AMT PRNCALL DISCRETION MANAGERS SOLE SHARED NONE ABBOTT LABS COM 002824100 428 8000SH Sole 1300 6700 AGILENT TECHNOLOGIES COM 00846U101 45677 1188270SH Sole 1090070 98200 ALLSTATE CORP COM 020002101 289 4700SH Sole 4700 ALTRIA GROUP INC COM 02209S103 39065 556964SH Sole 545364 11600 AMERICAN EXPRESS COM 025816109 61761 1009497SH Sole 945597 63900 AMERICAN INTL GROUP COM 026874107 133241 1902628SH Sole 1756878 145750 AMGEN INC COM 031162100 41291 746801SH Sole 679101 67700 AT&T INC COM COM 00206r102 472 11380SH Sole 7664 3716 AUTOMATIC DATA PROCESS COM 053015103 233 4800SH Sole 4800 AVERY DENNISON COM 053611109 54201 815297SH Sole 762547 52750 BANK OF AMERICA COM 060505104 132477 2709694SH Sole 2501119 208575 BB&T CORP COM 054937107 644 15819SH Sole 15819 BEST BUY INC COM 086516101 75938 1627119SH Sole 1509319 117800 BP PLC SPONSORED ADR COM 055622104 536 7432SH Sole 7432 CARDINAL HEALTH INC COM 14149Y108 664 9400SH Sole 8400 1000 CHEVRON CORP NEW COM 166764100 311 3694SH Sole 3694 CISCO SYS INC COM 17275R102 78006 2800929SH Sole 2605229 195700 CITIGROUP INC COM 172967101 136660 2664450SH Sole 2473950 190500 COCA COLA CO COM 191216100 736 14078SH Sole 14078 COMPUTER SCIENCES COM 205363104 70249 1187635SH Sole 1096035 91600 CONOCOPHILLIPS COM 20825C104 252 3214SH Sole 3214 CVS CAREMARK CORP COM COM 126650100 87291 2394826SH Sole 2220476 174350 DEERE & CO COM 244199105 290 2400SH Sole 2400 DILLARDS INC CL A COM 254067101 749 20850SH Sole 16850 4000 DU PONT E I DE NEMOURS COM 263534109 264 5200SH Sole 5200 EMC CORP COM 268648102 1089 60159SH Sole 60159 EXXON MOBIL CORP COM 30231G102 4832 57611SH Sole 54911 2700 FAMILY DLR STORES INC COM 307000109 44448 1295102SH Sole 1213602 81500 FANNIE MAE COM 313586109 72370 1107759SH Sole 1026559 81200 FEDEX CORP COM 31428X106 64995 585702SH Sole 541902 43800 FIRST DATA CORP COM 319963104 278 8500SH Sole 7000 1500 FREDDIE MAC COM 313400301 56879 937056SH Sole 864806 72250 GANNETT INC COM 364730101 1640 29850SH Sole 23550 6300 GENERAL ELEC CO COM 369604103 116854 3052607SH Sole 2829207 223400 GENERAL MTRS CORP COM 370442105 76654 2027883SH Sole 1876933 150950 GOLDMAN SACHS GROUP COM 38141G104 347 1600SH Sole 1600 HARTFORD FINANCIAL COM 416515104 223 2268SH Sole 2268 HEWLETT-PACKARD CO COM 428236103 115478 2588030SH Sole 2406530 181500 HOME DEPOT INC COM 437076102 42573 1081906SH Sole 1018906 63000 INTEL CORP COM 458140100 450 18947SH Sole 18947 INTL BUSINESS MACHINES COM 459200101 146738 1394187SH Sole 1293612 100575 ISHARES TR RUSSELL1000VAL COM 464287598 763 8800SH Sole 8800 J P MORGAN CHASE & CO COM 46625H100 114034 2353649SH Sole 2158779 194870 JOHNSON & JOHNSON COM 478160104 125078 2029828SH Sole 1878578 151250 KB HOME COM 48666K109 45874 1165197SH Sole 1073297 91900 KIMBERLY CLARK COM 494368103 36794 550069SH Sole 511069 39000 KOHLS CORP COM 500255104 46092 648913SH Sole 610513 38400 KRAFT FOODS INC CL A COM 50075N104 907 25729SH Sole 20938 4791 LEGGETT & PLATT INC COM 524660107 49889 2262527SH Sole 2110027 152500 LINCOLN NATL CORP COM 534187109 70236 989942SH Sole 932386 57556 MACYS INC COM COM 55616p104 27821 699384SH Sole 649478 49906 MARATHON OIL CORP COM 565849106 3748 62500SH Sole 50100 12400 MCDONALDS CORP COM 580135101 355 7000SH Sole 7000 MCGRAW HILL COS COM 580645109 340 5000SH Sole 5000 MERCK & CO INC COM 589331107 47009 943951SH Sole 848801 95150 MICROSOFT CORP COM 594918104 84416 2864477SH Sole 2620277 244200 MOTOROLA INC COM 620076109 247 13950SH Sole 13950 NORFOLK SOUTHERN COM 655844108 210 4000SH Sole 2800 1200 PEPSICO INC COM 713448108 360 5550SH Sole 5550 PFIZER INC COM 717081103 119125 4658761SH Sole 4315461 343300 PIONEER NAT RES CO COM COM 723787107 28591 586971SH Sole 527271 59700 POPULAR INC COM COM 733174106 11563 719561SH Sole 598861 120700 PROCTER & GAMBLE COM 742718109 716 11700SH Sole 11700 ROYAL DUTCH SHELL PLC-ADR A COM 780259206 55588 684587SH Sole 638137 46450 SERVICE CORP INTL COM 817565104 383 30000SH Sole 30000 SLM CORPORATION SECURITIES COM 78442P106 1405 24398SH Sole 14898 9500 SOLECTRON CORP COM 834182107 39162 10641970SH Sole 9980270 661700 SPRINT NEXTEL CORP COM FON COM 852061100 79714 3849062SH Sole 3562962 286100 SUNTRUST BKS INC COM 867914103 959 11184SH Sole 11184 TRAVELERS COMPANIES COM COM 89417E109 107122 2002279SH Sole 1855189 147090 TYCO INTL LTD COM 902124106 914 27045SH Sole 27045 UNITED TECHNOLOGIES COM 913017109 564 7950SH Sole 7950 VERIZON COMMUNICATIONS COM 92343V104 56086 1362311SH Sole 1248514 113797 WACHOVIA CORP COM 929903102 119482 2331359SH Sole 2149659 181700 WAL MART STORES COM 931142103 132295 2749849SH Sole 2545449 204400 WATSON PHARMACEUTICALS COM 942683103 84957 2611656SH Sole 2427056 184600 WELLPOINT INC COM 94973V107 93050 1165597SH Sole 1072497 93100 WHIRLPOOL CORP COM 963320106 256 2300SH Sole 1800 500 WYETH COM 983024100 1301 22685SH Sole 22685 WYNDHAM WORLDWIDE CORP COM COM 98310W108 84089 2319052SH Sole 2149682 169370 XEROX CORP COM 984121103 185 10000SH Sole 10000 COLUMN TOTALS 3379256 84434987 78237341 06197646