Hanseatic Management Services Inc. Has $300,000 Holdings in HP Inc. (HPQ)
Hanseatic Management Services Inc. boosted its position in shares of HP Inc. (NYSE:HPQ) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,169 shares of the computer maker’s stock after buying an additional 295 shares during the period. Hanseatic Management Services Inc.’s holdings in HP were worth $300,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HPQ. Waldron LP acquired a new stake in HP during the first quarter worth about $288,000. UBS Asset Management Americas Inc. grew its stake in HP by 14.2% during the first 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. Sawtooth Solutions LLC grew its stake in HP by 11.2% during the first quarter. Sawtooth Solutions LLC now owns 59,189 shares of the computer maker’s stock worth $1,058,000 after buying an additional 5,947 shares in the last quarter. Pioneer Investment Management Inc. acquired a new stake in HP during the first quarter worth about $17,421,000. Finally, CIBC World Markets Inc. grew its stake in HP by 140.3% during the first quarter. CIBC World Markets Inc. now owns 171,039 shares of the computer maker’s stock worth $3,058,000 after buying an additional 99,875 shares in the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.
In other HP news, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.50, for a total value of $195,487.50. Following the completion of the sale, the insider now owns 10,025 shares in the company, valued at $195,487.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret C. Whitman sold 295,952 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $18.02, for a total value of $5,333,055.04. Following the completion of the sale, the director now owns 618,865 shares of the company’s stock, valued at approximately $11,151,947.30. The disclosure for this sale can be found here. Insiders sold 1,597,633 shares of company stock valued at $29,983,371 in the last quarter. Corporate insiders own 0.62% of the company’s stock.
HPQ has been the topic of a number of analyst reports. FBN Securities reiterated an “outperform” rating and set a $23.00 price objective (up from $19.00) on shares of HP in a research note on Sunday, May 28th. Vetr downgraded shares of HP from a “buy” rating to a “hold” rating and set a $19.72 price objective on the stock. in a research note on Monday, June 5th. BidaskClub downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Morgan Stanley reiterated an “overweight” rating and set a $23.00 price objective on shares of HP in a research note on Monday, June 26th. Finally, ValuEngine upgraded shares of HP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Ten analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.57.
HP Inc. (HPQ) opened at 19.94 on Friday. The company has a market cap of $33.30 billion, a price-to-earnings ratio of 14.49 and a beta of 1.93. HP Inc. has a 12-month low of $13.77 and a 12-month high of $19.95. The firm’s 50-day moving average is $19.18 and its 200 day moving average is $18.44.
HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that HP Inc. will post $1.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a $0.1327 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.66%. HP’s payout ratio is currently 38.41%.
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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