Capital Guardian Trust Co. Trims Stake in HP Inc (HPQ)

Capital Guardian Trust Co. trimmed its stake in HP Inc (NYSE:HPQ) by 2.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,023,119 shares of the computer maker’s stock after selling 49,481 shares during the period. Capital Guardian Trust Co. owned 0.12% of HP worth $40,381,000 at the end of the most recent reporting period.

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

Shares of HP Inc (HPQ) traded up $0.10 during mid-day trading on Monday, reaching $21.07. The company had a trading volume of 13,821,900 shares, compared to its average volume of 10,984,341. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. The firm has a market cap of $35,192.25, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.81. HP Inc has a twelve month low of $14.40 and a twelve month high of $22.68.

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

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

Several research analysts have commented on HPQ shares. Zacks Investment Research downgraded HP from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Loop Capital reaffirmed a “buy” rating and issued a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. Morgan Stanley reaffirmed a “hold” rating and issued a $14.00 price target on shares of HP in a research report on Wednesday, November 22nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of HP in a research report on Wednesday, November 22nd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $25.00 price target on shares of HP in a research report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. HP presently has an average rating of “Buy” and an average target price of $21.31.

In other HP news, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $19.75, for a total value of $197,993.75. Following the transaction, the insider now owns 10,025 shares of the company’s stock, valued at $197,993.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Enrique Lores sold 40,965 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The disclosure for this sale can be found here. In the last three months, insiders sold 2,139,153 shares of company stock worth $44,020,119. Insiders own 0.62% of the company’s stock.

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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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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