Carnick & Kubik Group LLC Boosts Position in HP Inc (HPQ)
Carnick & Kubik Group LLC boosted its position in shares of HP Inc (NYSE:HPQ) by 730.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 233,933 shares of the computer maker’s stock after acquiring an additional 205,779 shares during the quarter. HP accounts for 0.9% of Carnick & Kubik Group LLC’s portfolio, making the stock its 29th biggest holding. Carnick & Kubik Group LLC’s holdings in HP were worth $4,915,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Sandy Spring Bank increased its position 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 acquiring an additional 4,266 shares during the last quarter. Advisory Services Network LLC increased its position in HP by 9.8% during the second quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock valued at $161,000 after acquiring an additional 824 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position 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 acquiring an additional 5,262 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in HP by 38.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 9,434 shares of the computer maker’s stock valued at $198,000 after acquiring an additional 2,624 shares during the last quarter. Finally, Silicon Valley Capital Partners purchased a new stake in HP during the fourth quarter valued at $204,000. Institutional investors own 81.08% of the company’s stock.
In related news, insider Enrique Lores sold 302,893 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the completion of the transaction, the insider now directly owns 88,901 shares of the company’s stock, valued at $2,072,282.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Jon E. Flaxman sold 271,968 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $21.34, for a total value of $5,803,797.12. Following the transaction, the chief operating officer now directly owns 243,096 shares of the company’s stock, valued at $5,187,668.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 902,988 shares of company stock valued at $19,938,441. 0.62% of the stock is owned by corporate insiders.
HP Inc (NYSE:HPQ) opened at $20.41 on Tuesday. The firm has a market capitalization of $33,580.00, a PE ratio of 13.79, a PEG ratio of 2.11 and a beta of 1.76. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74. HP Inc has a one year low of $15.70 and a one year high of $24.10.
HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. research analysts forecast that HP Inc will post 1.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be paid a $0.1393 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s dividend payout ratio (DPR) is 37.84%.
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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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