Capital Bank & Trust Co lessened its stake in HP Inc (NYSE:HPQ) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,186,358 shares of the computer maker’s stock after selling 18,850 shares during the quarter. Capital Bank & Trust Co owned 0.07% of HP worth $23,680,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. CAPROCK Group Inc. lifted its holdings in shares of HP by 104.5% in the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock valued at $871,000 after buying an additional 22,150 shares during the period. Swiss National Bank increased its stake in HP by 0.6% during the 3rd quarter. Swiss National Bank now owns 6,208,592 shares of the computer maker’s stock worth $123,923,000 after buying an additional 34,800 shares in the last quarter. Meyer Handelman Co. increased its stake in HP by 3.1% during the 3rd quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock worth $8,971,000 after buying an additional 13,600 shares in the last quarter. State of Wisconsin Investment Board increased its stake in HP by 43.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 2,151,950 shares of the computer maker’s stock worth $42,953,000 after buying an additional 656,546 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in HP by 17.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock worth $96,389,000 after buying an additional 716,899 shares in the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.
HP Inc (NYSE HPQ) traded up $0.31 during mid-day trading on Tuesday, hitting $21.32. 6,456,000 shares of the stock were exchanged, compared to its average volume of 10,610,000. HP Inc has a 52 week low of $14.40 and a 52 week high of $22.68. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. The firm has a market cap of $35,080.00, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.80.
HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same period in the previous year, the firm posted $0.36 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. equities research analysts expect that HP Inc will post 1.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a $0.1393 dividend. This is a boost from HP’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, December 12th. HP’s payout ratio is presently 37.84%.
In related news, insider Enrique Lores sold 40,965 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $20.50, for a total transaction of $839,782.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marie Myers sold 10,000 shares of the company’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $21.20, for a total transaction of $212,000.00. Following the sale, the insider now directly owns 11,966 shares of the company’s stock, valued at $253,679.20. The disclosure for this sale can be found here. Insiders sold a total of 1,106,801 shares of company stock valued at $23,540,803 over the last ninety days. 0.62% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on HPQ shares. Loop Capital upped their price target on HP from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research lowered HP from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Deutsche Bank reiterated a “buy” rating and issued a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Maxim Group reiterated a “hold” rating and issued a $25.00 price objective on shares of HP in a research report on Friday, October 27th. Finally, Citigroup upped their price target on HP from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Twelve analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. HP has a consensus rating of “Buy” and an average price target of $21.31.
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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