HP Inc. (NYSE:HPQ) Shares Sold by Stolper Co

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Stolper Co lowered its stake in HP Inc. (NYSE:HPQ) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,709 shares of the computer maker’s stock after selling 2,813 shares during the quarter. HP comprises 2.1% of Stolper Co’s portfolio, making the stock its 16th largest position. Stolper Co’s holdings in HP were worth $3,254,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Unison Advisors LLC grew its stake in shares of HP by 0.8% in the first quarter. Unison Advisors LLC now owns 95,016 shares of the computer maker’s stock valued at $1,666,000 after buying an additional 796 shares in the last quarter. Allworth Financial LP grew its stake in shares of HP by 2.5% in the first quarter. Allworth Financial LP now owns 34,931 shares of the computer maker’s stock valued at $606,000 after buying an additional 864 shares in the last quarter. Wealthstreet Investment Advisors LLC grew its stake in HP by 7.6% during the 1st quarter. Wealthstreet Investment Advisors LLC now owns 12,637 shares of the computer maker’s stock valued at $219,000 after purchasing an additional 888 shares in the last quarter. Crescent Grove Advisors LLC grew its stake in HP by 5.5% during the 1st quarter. Crescent Grove Advisors LLC now owns 18,206 shares of the computer maker’s stock valued at $319,000 after purchasing an additional 947 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd grew its stake in HP by 0.8% during the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 125,708 shares of the computer maker’s stock valued at $2,583,000 after purchasing an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 79.25% of the company’s stock.

In other HP news, Director Robert R. Bennett bought 17,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $16.47 per share, for a total transaction of $279,990.00. Also, CEO Enrique Lores bought 13,500 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price of $16.47 per share, for a total transaction of $222,345.00. In the last three months, insiders purchased 80,500 shares of company stock worth $1,249,835. Company insiders own 0.25% of the company’s stock.

Shares of NYSE HPQ traded down $0.44 during mid-day trading on Thursday, hitting $16.31. The company had a trading volume of 329,377 shares, compared to its average volume of 15,055,040. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 5.23 and a beta of 0.98. HP Inc. has a 12 month low of $12.54 and a 12 month high of $23.93. The firm’s 50 day simple moving average is $16.71 and its two-hundred day simple moving average is $18.24.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.07. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.78 billion. HP had a negative return on equity of 295.77% and a net margin of 5.27%. The business’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Equities analysts anticipate that HP Inc. will post 2.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.1762 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, September 8th. HP’s dividend payout ratio (DPR) is 31.25%.

A number of equities research analysts have weighed in on the company. Wells Fargo & Co lowered their price objective on HP from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Citigroup assumed coverage on HP in a research note on Thursday, April 9th. They set a “neutral” rating for the company. Deutsche Bank raised their price objective on HP from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Sanford C. Bernstein lowered their price objective on HP from $24.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, April 13th. Finally, UBS Group lowered their price objective on HP from $22.50 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.00.

HP 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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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