Capital Guardian Trust Co. Has $36.23 Million Position in HP Inc. (HPQ)
Capital Guardian Trust Co. cut its stake in shares of HP Inc. (NYSE:HPQ) by 38.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,072,600 shares of the computer maker’s stock after selling 1,274,602 shares during the quarter. Capital Guardian Trust Co. owned approximately 0.12% of HP worth $36,229,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Waldron LP acquired a new position in HP in the first quarter valued at approximately $288,000. UBS Asset Management Americas Inc. boosted its holdings in shares of HP by 14.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 7,311,893 shares of the computer maker’s stock worth $130,737,000 after buying an additional 911,087 shares in the last quarter. Skba Capital Management LLC bought a new position in shares of HP during the 1st quarter worth approximately $8,666,000. Hosking Partners LLP boosted its holdings in shares of HP by 9.8% during the 1st quarter. Hosking Partners LLP now owns 316,920 shares of the computer maker’s stock worth $5,667,000 after buying an additional 28,289 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of HP by 0.3% during the 1st quarter. Savant Capital LLC now owns 24,276 shares of the computer maker’s stock worth $434,000 after buying an additional 80 shares in the last quarter. 79.18% of the stock is currently owned by hedge funds and other institutional investors.
HP Inc. (NYSE:HPQ) traded up 1.328% during mid-day trading on Monday, hitting $20.225. 1,751,601 shares of the stock were exchanged. The firm has a market capitalization of $33.78 billion, a price-to-earnings ratio of 14.698 and a beta of 1.94. HP Inc. has a 52 week low of $13.77 and a 52 week high of $20.23. The company’s 50-day moving average price is $19.18 and its 200 day moving average price is $18.44.
HP (NYSE:HPQ) last released its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The business had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts expect that HP Inc. will post $1.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, September 12th. HP’s payout ratio is presently 38.41%.
In other HP news, CEO Dion J. Weisler sold 95,521 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.97, for a total value of $1,907,554.37. Following the transaction, the chief executive officer now directly owns 435,018 shares in the company, valued at approximately $8,687,309.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tracy S. Keogh sold 265,600 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $19.90, for a total transaction of $5,285,440.00. Following the completion of the transaction, the insider now owns 165,952 shares in the company, valued at $3,302,444.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,530,169 shares of company stock worth $48,902,046. Company insiders own 0.62% of the company’s stock.
HPQ has been the subject of a number of research analyst reports. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $20.00 target price on shares of HP in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective (up previously from $19.00) on shares of HP in a research note on Tuesday, September 5th. Royal Bank Of Canada raised HP from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. BidaskClub cut HP from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Maxim Group restated a “hold” rating and set a $22.00 price target (up previously from $21.00) on shares of HP in a research note on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.57.
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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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