Bank of New York Mellon Corp lessened its holdings in HP Inc (NYSE:HPQ) by 11.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,517,567 shares of the computer maker’s stock after selling 2,605,666 shares during the quarter. Bank of New York Mellon Corp’s holdings in HP were worth $410,065,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Advisory Services Network LLC raised its position in shares of HP by 9.8% in the second quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after buying an additional 824 shares in the last quarter. Empirical Finance LLC raised its position in shares of HP by 3.1% in the third quarter. Empirical Finance LLC now owns 78,281 shares of the computer maker’s stock worth $1,563,000 after buying an additional 2,325 shares in the last quarter. Peddock Capital Advisors LLC raised its position in shares of HP by 5.1% in the third quarter. Peddock Capital Advisors LLC now owns 48,975 shares of the computer maker’s stock worth $978,000 after buying an additional 2,374 shares in the last quarter. Robecosam AG raised its position in shares of HP by 12.6% in the third quarter. Robecosam AG now owns 21,400 shares of the computer maker’s stock worth $427,000 after buying an additional 2,400 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of HP by 22.5% in the fourth quarter. MAI Capital Management now owns 14,171 shares of the computer maker’s stock worth $298,000 after buying an additional 2,604 shares in the last quarter. Institutional investors own 81.08% of the company’s stock.
In other news, Director Shumeet Banerji sold 35,686 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $21.50, for a total transaction of $767,249.00. Following the transaction, the director now directly owns 28,000 shares of the company’s stock, valued at $602,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jon E. Flaxman sold 271,968 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $21.34, for a total value of $5,803,797.12. Following the transaction, the chief operating officer now directly owns 243,096 shares in the company, valued at $5,187,668.64. The disclosure for this sale can be found here. Insiders have sold 902,988 shares of company stock worth $19,938,441 over the last ninety days. Insiders own 0.62% of the company’s stock.
HP Inc (NYSE HPQ) opened at $21.40 on Friday. HP Inc has a 12 month low of $15.72 and a 12 month high of $24.10. The stock has a market capitalization of $35,210.00, a PE ratio of 14.46, a PEG ratio of 2.25 and a beta of 1.76. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00.
HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 for the quarter, compared to analysts’ expectations of $13.36 billion. During the same period last year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. sell-side analysts anticipate that HP Inc will post 1.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be paid a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.60%. HP’s dividend payout ratio (DPR) is currently 37.84%.
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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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