Tower Research Capital LLC TRC boosted its holdings in shares of HP Inc (NYSE:HPQ) by 208.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,774 shares of the computer maker’s stock after buying an additional 18,756 shares during the quarter. Tower Research Capital LLC TRC’s holdings in HP were worth $583,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of HPQ. Advisory Services Network LLC grew its holdings in 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 purchasing an additional 824 shares during the last quarter. Empirical Finance LLC grew its holdings in 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 purchasing an additional 2,325 shares during the last quarter. Peddock Capital Advisors LLC grew its holdings in 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 purchasing an additional 2,374 shares during the last quarter. Robecosam AG grew its holdings in 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 purchasing an additional 2,400 shares during the last quarter. Finally, MAI Capital Management grew its holdings in 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 purchasing an additional 2,604 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.
Several research firms have issued reports on HPQ. Citigroup lifted their price target on shares of HP from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price target on shares of HP in a report on Monday, January 22nd. Maxim Group reaffirmed a “hold” rating and issued a $25.00 price target on shares of HP in a report on Wednesday, November 22nd. Wells Fargo & Co began coverage on shares of HP in a report on Tuesday, November 14th. They issued a “market perform” rating and a $21.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of HP in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. HP currently has an average rating of “Hold” and a consensus price target of $22.83.
In other HP news, insider Ron Coughlin sold 15,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $22.50, for a total value of $337,500.00. Following the completion of the transaction, the insider now owns 130,766 shares in the company, valued at $2,942,235. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Enrique Lores sold 302,893 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the completion of the transaction, the insider now owns 88,901 shares of the company’s stock, valued at approximately $2,072,282.31. The disclosure for this sale can be found here. Insiders have sold 902,988 shares of company stock valued at $19,938,441 over the last 90 days. 0.62% of the stock is currently owned by insiders.
HP Inc (NYSE HPQ) opened at $21.60 on Wednesday. The stock has a market cap of $35,207.88, a price-to-earnings ratio of 14.36, a P/E/G ratio of 2.25 and a beta of 1.77. HP Inc has a 1 year low of $16.09 and a 1 year high of $24.10. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98.
HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. equities analysts anticipate that HP Inc will post 1.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given 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 2.58%. HP’s dividend payout ratio is presently 37.58%.
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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