HP Inc (HPQ) Holdings Trimmed by SkyBridge Capital II LLC

SkyBridge Capital II LLC decreased its position in shares of HP Inc (NYSE:HPQ) by 17.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,600 shares of the computer maker’s stock after selling 132,610 shares during the period. HP accounts for 3.6% of SkyBridge Capital II LLC’s investment portfolio, making the stock its 7th biggest holding. SkyBridge Capital II LLC’s holdings in HP were worth $12,427,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its position in HP by 19.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after acquiring an additional 1,013 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after acquiring an additional 200 shares during the last quarter. Evercore Wealth Management LLC lifted its position in HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after acquiring an additional 836 shares during the last quarter. D.A. Davidson & CO. lifted its position in HP by 1.1% during the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock worth $132,000 after acquiring an additional 85 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its position in HP by 188.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock worth $161,000 after acquiring an additional 5,262 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

HP Inc (HPQ) traded down $0.01 during trading hours on Wednesday, reaching $21.07. 9,209,101 shares of the company traded hands, compared to its average volume of 10,987,110. HP Inc has a 52-week low of $14.40 and a 52-week high of $22.68. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74. The firm has a market capitalization of $35,208.95, a price-to-earnings ratio of 12.78, a PEG ratio of 2.23 and a beta of 1.81.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.36 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. equities research analysts expect that HP Inc will post 1.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a $0.1393 dividend. This represents a $0.56 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, December 12th. This is a positive change from HP’s previous quarterly dividend of $0.13. HP’s dividend payout ratio is 35.57%.

A number of research analysts have weighed in on HPQ shares. Stifel Nicolaus reissued a “hold” rating and set a $14.00 target price on shares of HP in a research report on Wednesday, August 16th. Loop Capital boosted their target price on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reissued a “hold” rating and set a $20.00 target price on shares of HP in a research report on Thursday, August 24th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Twelve analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.31.

In other HP news, insider Marie Myers sold 10,025 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $19.50, for a total transaction of $195,487.50. Following the sale, the insider now directly owns 10,025 shares of the company’s stock, valued at $195,487.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ron Coughlin sold 25,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.48, for a total transaction of $537,000.00. Following the sale, the insider now directly owns 53,173 shares in the company, valued at $1,142,156.04. The disclosure for this sale can be found here. Insiders sold 2,139,153 shares of company stock valued at $44,020,119 in the last three months. Company insiders own 0.62% of the company’s stock.

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About HP

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.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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