Cambridge Investment Research Advisors Inc. boosted its position in shares of HP Inc. (NYSE:HPQ) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,395 shares of the computer maker’s stock after buying an additional 11,144 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in HP were worth $4,155,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC raised its position in HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the period. YorkBridge Wealth Partners LLC raised its position in HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after buying an additional 675 shares during the period. TrimTabs Asset Management LLC raised its position in HP by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock worth $124,000 after buying an additional 3,264 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in HP by 24.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,452 shares of the computer maker’s stock worth $133,000 after buying an additional 1,488 shares during the period. Finally, Advisory Services Network LLC purchased a new position in HP during the first quarter worth approximately $150,000. Hedge funds and other institutional investors own 80.37% of the company’s stock.
Shares of HP Inc. (NYSE HPQ) opened at 18.16 on Tuesday. The firm has a 50-day moving average of $18.61 and a 200 day moving average of $16.99. The company has a market cap of $30.57 billion, a P/E ratio of 12.84 and a beta of 1.76. HP Inc. has a 52 week low of $11.48 and a 52 week high of $19.58.
HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.93 billion. HP had a net margin of 4.94% and a negative return on equity of 68.86%. HP’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Equities analysts anticipate that HP Inc. will post $1.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th will be paid a dividend of $0.1327 per share. The ex-dividend date of this dividend is Monday, June 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.92%. HP’s dividend payout ratio (DPR) is presently 37.32%.
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A number of equities analysts have commented on HPQ shares. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, April 25th. Argus restated a “buy” rating and issued a $22.00 price target (up from $19.00) on shares of HP in a research report on Monday, February 27th. Citigroup Inc. upgraded shares of HP from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Credit Suisse Group restated a “buy” rating and issued a $19.00 price target on shares of HP in a research report on Tuesday, May 23rd. Finally, Bank of America Corporation boosted their price target on shares of HP from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 25th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $19.69.
In other HP news, CFO Catherine A. Lesjak sold 67,997 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $19.00, for a total transaction of $1,291,943.00. Following the completion of the sale, the chief financial officer now owns 67,997 shares in the company, valued at approximately $1,291,943. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Catherine A. Lesjak sold 719,775 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $17.60, for a total transaction of $12,668,040.00. Following the sale, the chief financial officer now owns 599,775 shares of the company’s stock, valued at approximately $10,556,040. The disclosure for this sale can be found here. Insiders have sold a total of 1,311,111 shares of company stock valued at $23,426,357 in the last 90 days. 0.62% of the stock is currently owned by company insiders.
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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