Davis Selected Advisers held its position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,830 shares of the computer maker’s stock at the end of the 2nd quarter. Davis Selected Advisers’ holdings in HP were worth $364,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of HP by 19.7% in the second 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. American Beacon Advisors Inc. acquired a new position in HP during the first quarter worth $112,000. YorkBridge Wealth Partners LLC boosted its stake in HP by 12.1% during 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 last quarter. First Command Bank boosted its stake in HP by 80.0% during the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after buying an additional 2,984 shares during the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in HP by 88.9% during 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 last quarter. 79.15% of the stock is currently owned by hedge funds and other institutional investors.
HP Inc. (NYSE:HPQ) traded down 0.077% during trading on Friday, reaching $19.445. The company had a trading volume of 5,202,338 shares. The firm has a market capitalization of $32.48 billion, a P/E ratio of 14.132 and a beta of 1.93. The company has a 50-day moving average of $19.15 and a 200-day moving average of $18.38. HP Inc. has a 52-week low of $13.77 and a 52-week high of $19.78.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The firm had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that HP Inc. will post $1.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is presently 38.41%.
In other news, insider Marie Myers sold 11,752 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $19.25, for a total value of $226,226.00. Following the completion of the transaction, the insider now directly owns 11,752 shares in the company, valued at approximately $226,226. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret C. Whitman sold 73,992 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $17.70, for a total transaction of $1,309,658.40. Following the completion of the transaction, the director now owns 544,881 shares of the company’s stock, valued at $9,644,393.70. The disclosure for this sale can be found here. In the last three months, insiders sold 1,725,567 shares of company stock valued at $32,210,686. Insiders own 0.62% of the company’s stock.
A number of equities research analysts have commented on the company. UBS AG reiterated a “buy” rating and issued a $22.00 price objective (up previously from $20.00) on shares of HP in a report on Thursday, May 25th. Susquehanna Bancshares Inc restated a “hold” rating and set a $20.00 price target on shares of HP in a report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $20.00 price target (up previously from $19.00) on shares of HP in a report on Tuesday, September 5th. Royal Bank Of Canada upgraded HP from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $21.00 to $22.00 in a report on Thursday, July 20th. Finally, BidaskClub downgraded HP from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Ten equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.57.
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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