NewSquare Capital LLC boosted its stake in Hewlett-Packard Co. (NYSE:HPQ) by 18.7% during the second quarter, Holdings Channel reports. The institutional investor owned 61,845 shares of the computer maker’s stock after buying an additional 9,743 shares during the period. NewSquare Capital LLC’s holdings in Hewlett-Packard were worth $776,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Hewlett-Packard by 5.6% in the first quarter. Geode Capital Management LLC now owns 15,103,402 shares of the computer maker’s stock valued at $185,720,000 after buying an additional 799,445 shares in the last quarter. Zebra Capital Management LLC boosted its stake in Hewlett-Packard by 206.5% in the first quarter. Zebra Capital Management LLC now owns 85,994 shares of the computer maker’s stock valued at $1,059,000 after buying an additional 57,940 shares in the last quarter. Quotient Investors LLC purchased a new stake in Hewlett-Packard during the second quarter valued at about $630,000. New Century Advisors LLC boosted its stake in Hewlett-Packard by 28.6% in the second quarter. New Century Advisors LLC now owns 224,800 shares of the computer maker’s stock valued at $2,819,000 after buying an additional 50,000 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in Hewlett-Packard by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 442,791 shares of the computer maker’s stock valued at $5,557,000 after buying an additional 22,392 shares in the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Shares of Hewlett-Packard Co. (NYSE:HPQ) traded down 0.14% during mid-day trading on Tuesday, hitting $14.54. 8,222,246 shares of the stock were exchanged. Hewlett-Packard Co. has a 52-week low of $8.91 and a 52-week high of $14.82. The stock has a 50-day moving average price of $14.39 and a 200 day moving average price of $13.05. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 7.74 and a beta of 1.59.

Hewlett-Packard (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 24th. The computer maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. The business earned $11.89 billion during the quarter, compared to analyst estimates of $11.44 billion. Hewlett-Packard had a net margin of 5.41% and a return on equity of 106.26%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. On average, equities research analysts expect that Hewlett-Packard Co. will post $1.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.124 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, September 12th. Hewlett-Packard’s payout ratio is 26.74%.

Several research firms have recently weighed in on HPQ. RBC Capital Markets restated a “sector perform” rating and set a $14.00 price objective (up previously from $12.00) on shares of Hewlett-Packard in a research report on Monday, August 22nd. Morgan Stanley restated a “buy” rating on shares of Hewlett-Packard in a research report on Tuesday, September 13th. Credit Suisse Group AG restated a “buy” rating and set a $19.00 price objective on shares of Hewlett-Packard in a research report on Friday, August 12th. Argus raised their price objective on shares of Hewlett-Packard from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Finally, Jefferies Group restated a “buy” rating and set a $16.75 price objective on shares of Hewlett-Packard in a research report on Wednesday, September 7th. Eighteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.76.

In other Hewlett-Packard news, insider Tracy S. Keogh sold 100,000 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the completion of the sale, the insider now directly owns 213,582 shares of the company’s stock, valued at $3,096,939. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marie Myers sold 10,269 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $14.55, for a total transaction of $149,413.95. Following the sale, the insider now directly owns 22,390 shares of the company’s stock, valued at $325,774.50. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

About Hewlett-Packard

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

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