Global Financial Private Capital LLC purchased a new position in HP Inc (NYSE:HPQ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 22,658 shares of the computer maker’s stock, valued at approximately $476,000.
Other large investors have also modified their holdings of the company. CAPROCK Group Inc. boosted its stake in HP by 104.5% in the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock worth $871,000 after buying an additional 22,150 shares during the last quarter. Swiss National Bank boosted its stake in HP by 0.6% in 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 during the last quarter. Meyer Handelman Co. raised its holdings in shares of HP by 3.1% in the 3rd quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock worth $8,971,000 after purchasing an additional 13,600 shares during the period. State of Wisconsin Investment Board raised its holdings in shares of HP by 43.9% in 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 purchasing an additional 656,546 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of HP by 17.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock worth $96,389,000 after purchasing an additional 716,899 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
In other HP news, insider Marie Myers sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $21.55, for a total transaction of $215,500.00. Following the completion of the sale, the insider now owns 21,966 shares in the company, valued at approximately $473,367.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ron Coughlin sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $21.48, for a total value of $537,000.00. Following the sale, the insider now owns 53,173 shares of the company’s stock, valued at approximately $1,142,156.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 902,988 shares of company stock valued at $19,938,441. 0.62% of the stock is owned by insiders.
HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. research analysts predict that HP Inc will post 1.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.1393 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. HP’s dividend payout ratio (DPR) is presently 37.58%.
HPQ has been the topic of a number of research reports. Maxim Group restated a “hold” rating and issued a $25.00 price objective on shares of HP in a report on Friday, October 27th. Morgan Stanley restated a “hold” rating and issued a $14.00 price objective on shares of HP in a report on Wednesday, November 22nd. Mizuho downgraded HP from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Thursday, February 1st. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and issued a $28.00 price objective on shares of HP in a report on Monday, January 22nd. Finally, Deutsche Bank restated a “buy” rating and issued a $25.00 price objective on shares of HP in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. HP currently has an average rating of “Hold” and an average target price of $22.83.
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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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