Stifel Financial Corp lifted its position in shares of HP Inc. (NYSE:HPQ) by 68.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,523 shares of the computer maker’s stock after acquiring an additional 249,114 shares during the quarter. Stifel Financial Corp’s holdings in HP were worth $12,490,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in HPQ. Gideon Capital Advisors Inc. acquired a new position in shares of HP during the 4th quarter worth approximately $1,093,000. Natixis Advisors L.P. raised its position in shares of HP by 19.0% during the 4th quarter. Natixis Advisors L.P. now owns 164,267 shares of the computer maker’s stock worth $3,360,000 after purchasing an additional 26,210 shares during the last quarter. New Vernon Capital Holdings II LLC raised its position in shares of HP by 37.9% during the 4th quarter. New Vernon Capital Holdings II LLC now owns 15,058 shares of the computer maker’s stock worth $308,000 after purchasing an additional 4,139 shares during the last quarter. Kepos Capital LP raised its position in shares of HP by 24.6% during the 4th quarter. Kepos Capital LP now owns 335,397 shares of the computer maker’s stock worth $6,862,000 after purchasing an additional 66,252 shares during the last quarter. Finally, Convergence Investment Partners LLC raised its position in shares of HP by 54.7% during the 4th quarter. Convergence Investment Partners LLC now owns 87,245 shares of the computer maker’s stock worth $1,785,000 after purchasing an additional 30,862 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.
HPQ has been the subject of several research reports. ValuEngine downgraded HP from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. BMO Capital Markets cut their price target on HP from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Standpoint Research assumed coverage on HP in a report on Wednesday, December 26th. They issued a “buy” rating and a $19.38 price target for the company. Wolfe Research assumed coverage on HP in a report on Tuesday, December 11th. They issued an “outperform” rating for the company. Finally, Bank of America downgraded HP from a “buy” rating to an “underperform” rating and set a $19.00 price target for the company. in a report on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $26.38.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, February 27th. The computer maker reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. HP had a negative return on equity of 216.97% and a net margin of 7.15%. The company had revenue of $14.71 billion during the quarter, compared to the consensus estimate of $14.81 billion. During the same period in the previous year, the firm posted $0.48 EPS. HP’s revenue was up 1.3% on a year-over-year basis. Equities research analysts anticipate that HP Inc. will post 2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.1602 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.64 annualized dividend and a dividend yield of 3.21%. HP’s dividend payout ratio is presently 31.68%.
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HP Company Profile
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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