HP Inc. (HPQ) Shares Sold by Millennium Management LLC

Share on StockTwits

Millennium Management LLC cut its holdings in shares of HP Inc. (NYSE:HPQ) by 30.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,536,511 shares of the computer maker’s stock after selling 2,010,350 shares during the quarter. Millennium Management LLC owned about 0.28% of HP worth $102,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Research & Management Inc. purchased a new position in shares of HP during the 2nd quarter worth $201,000. Private Advisor Group LLC grew its holdings in shares of HP by 148.4% during the 2nd quarter. Private Advisor Group LLC now owns 84,522 shares of the computer maker’s stock worth $1,929,000 after purchasing an additional 50,500 shares during the period. TIAA FSB grew its holdings in shares of HP by 5.6% during the 2nd quarter. TIAA FSB now owns 50,324 shares of the computer maker’s stock worth $1,142,000 after purchasing an additional 2,679 shares during the period. Point72 Asset Management L.P. purchased a new position in HP during the 2nd quarter valued at about $40,308,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in HP by 1.2% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,177,800 shares of the computer maker’s stock valued at $72,104,000 after acquiring an additional 37,300 shares during the period. Institutional investors and hedge funds own 79.72% of the company’s stock.

HPQ stock opened at $25.04 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of -2.55. The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.87 and a beta of 1.59. HP Inc. has a 1 year low of $19.31 and a 1 year high of $25.28.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $14.59 billion for the quarter, compared to analyst estimates of $14.29 billion. HP had a negative return on equity of 130.47% and a net margin of 7.95%. HP’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. equities analysts forecast that HP Inc. will post 2.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Wednesday, September 12th will be given a $0.1393 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, September 11th. HP’s dividend payout ratio is currently 33.94%.

In other HP news, insider Marie Myers sold 8,470 shares of the stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $22.85, for a total value of $193,539.50. Following the sale, the insider now owns 8,470 shares of the company’s stock, valued at approximately $193,539.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

A number of brokerages recently commented on HPQ. Maxim Group raised their target price on HP from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, August 24th. Citigroup raised their target price on HP to $30.00 and gave the company a “buy” rating in a report on Friday, August 24th. Morgan Stanley raised their target price on HP from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, August 24th. Zacks Investment Research cut HP from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Susquehanna Bancshares set a $24.00 target price on HP and gave the company a “hold” rating in a report on Friday, August 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. HP has an average rating of “Hold” and a consensus target price of $26.06.

HP Company 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.

Featured Story: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ).

Institutional Ownership by Quarter for HP (NYSE:HPQ)

Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.