F&V Capital Management LLC boosted its stake in HP Inc. (NYSE:HPQ – Free Report) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 332,221 shares of the computer maker’s stock after acquiring an additional 915 shares during the quarter. HP accounts for about 2.1% of F&V Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. F&V Capital Management LLC’s holdings in HP were worth $8,126,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in HP in the 1st quarter valued at $25,000. Global Trust Asset Management LLC grew its stake in HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in HP in the 1st quarter valued at $35,000. Iron Horse Wealth Management LLC purchased a new position in HP in the 1st quarter valued at $39,000. Finally, Financial Freedom LLC lifted its holdings in HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 878 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.
HP Stock Down 0.9%
NYSE HPQ opened at $26.46 on Friday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The business’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $26.21. The firm has a market cap of $24.73 billion, a PE ratio of 9.66, a P/E/G ratio of 2.15 and a beta of 1.29.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on HPQ shares. Barclays decreased their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. Sanford C. Bernstein started coverage on HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective on the stock. Dbs Bank lowered HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. Evercore ISI restated an “in-line” rating and issued a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. Finally, Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.38.
Get Our Latest Stock Report on HPQ
Insider Activity
In related news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.38% of the company’s stock.
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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