Andra AP fonden decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,700 shares of the computer maker’s stock after selling 10,200 shares during the quarter. Andra AP fonden’s holdings in HP were worth $5,084,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of HPQ. Tudor Investment Corp ET AL bought a new stake in HP in the 1st quarter worth approximately $225,000. DnB Asset Management AS lifted its position in HP by 65.7% in the second quarter. DnB Asset Management AS now owns 6,525,634 shares of the computer maker’s stock valued at $114,068,000 after purchasing an additional 2,586,600 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in HP by 2.4% in the second quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock valued at $4,476,000 after purchasing an additional 6,074 shares during the last quarter. First Command Bank lifted its position in HP by 80.0% in the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after purchasing an additional 2,984 shares during the last quarter. Finally, Capstone Asset Management Co. lifted its position in HP by 0.5% in the second quarter. Capstone Asset Management Co. now owns 150,864 shares of the computer maker’s stock valued at $2,637,000 after purchasing an additional 759 shares during the last quarter. 79.63% of the stock is owned by institutional investors.
A number of equities analysts recently commented on HPQ shares. Royal Bank Of Canada upped their target price on HP from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Maxim Group restated a “hold” rating and set a $25.00 target price on shares of HP in a report on Friday, October 27th. Wells Fargo & Company initiated coverage on HP in a report on Tuesday. They set a “market perform” rating and a $21.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of HP in a research note on Sunday, October 8th. Finally, Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, October 10th. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.57.
In other news, CEO Dion J. Weisler sold 95,521 shares of HP stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $19.97, for a total value of $1,907,554.37. Following the completion of the transaction, the chief executive officer now owns 435,018 shares in the company, valued at approximately $8,687,309.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kim M. Rivera sold 41,761 shares of HP stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $21.28, for a total value of $888,674.08. Following the completion of the transaction, the insider now owns 84,799 shares of the company’s stock, valued at approximately $1,804,522.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,853,937 shares of company stock valued at $37,905,548 in the last 90 days. 0.62% of the stock is currently owned by company insiders.
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HP Inc. (HPQ) traded up $0.19 during trading hours on Wednesday, hitting $21.36. The company had a trading volume of 11,628,000 shares, compared to its average volume of 10,848,920. The company has a debt-to-equity ratio of -1.55, a current ratio of 0.97 and a quick ratio of 0.74. HP Inc. has a 12-month low of $14.40 and a 12-month high of $22.31. The stock has a market capitalization of $35,680.00, a PE ratio of 13.48, a P/E/G ratio of 3.14 and a beta of 1.84.
HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. research analysts predict that HP Inc. will post 1.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a yield of 2.61%. This is a boost from HP’s previous quarterly dividend of $0.13. HP’s dividend payout ratio (DPR) is currently 38.13%.
HP Company Profile
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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