ETRADE Capital Management LLC raised its position in shares of HP Inc (NYSE:HPQ) by 23.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,684 shares of the computer maker’s stock after acquiring an additional 3,960 shares during the quarter. ETRADE Capital Management LLC’s holdings in HP were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC grew its holdings in HP by 1,153.0% during the fourth quarter. Advisors Preferred LLC now owns 4,774 shares of the computer maker’s stock valued at $100,000 after purchasing an additional 4,393 shares during the period. Sandy Spring Bank grew its holdings in HP by 439.8% during the fourth quarter. Sandy Spring Bank now owns 5,236 shares of the computer maker’s stock valued at $110,000 after purchasing an additional 4,266 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in HP during the fourth quarter valued at $111,000. Valeo Financial Advisors LLC grew its holdings in HP by 159.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,534 shares of the computer maker’s stock valued at $137,000 after purchasing an additional 4,011 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its holdings in HP by 188.3% during the third quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock valued at $161,000 after purchasing an additional 5,262 shares during the period. 80.59% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on HPQ. Maxim Group reissued a “hold” rating and set a $25.00 price objective on shares of HP in a report on Wednesday, November 22nd. Loop Capital reissued a “buy” rating and set a $25.00 price objective on shares of HP in a report on Wednesday, November 22nd. Deutsche Bank increased their price objective on HP from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, February 23rd. UBS Group restated a “buy” rating and set a $28.00 target price (up previously from $26.00) on shares of HP in a research report on Friday, February 23rd. Finally, Susquehanna Bancshares set a $22.00 target price on HP and gave the stock a “hold” rating in a research report on Friday, February 23rd. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.94.
HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, February 22nd. The computer maker reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. HP had a negative return on equity of 82.30% and a net margin of 7.15%. The company had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. analysts expect that HP Inc will post 1.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a $0.1393 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.34%. HP’s dividend payout ratio (DPR) is presently 24.45%.
In related news, insider Marie Myers sold 10,000 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $21.55, for a total value of $215,500.00. Following the transaction, the insider now owns 21,966 shares of the company’s stock, valued at $473,367.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shumeet Banerji sold 35,686 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $21.50, for a total value of $767,249.00. Following the completion of the transaction, the director now directly owns 28,000 shares in the company, valued at approximately $602,000. The disclosure for this sale can be found here. Insiders sold 591,385 shares of company stock worth $13,289,138 in the last quarter. 0.25% of the stock is currently owned by company insiders.
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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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