HP Inc. (HPQ) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its stake in shares of HP Inc. (NYSE:HPQ) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,632,596 shares of the computer maker’s stock after selling 1,370 shares during the period. Dimensional Fund Advisors LP owned approximately 0.87% of HP worth $255,783,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its holdings in HP by 19.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after buying an additional 1,013 shares during the period. American Beacon Advisors Inc. acquired a new stake in HP during the 1st quarter worth approximately $112,000. First Command Bank raised its holdings in HP by 80.0% during the 2nd 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 period. TrimTabs Asset Management LLC raised its holdings in HP by 88.9% during the 1st 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 period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in HP by 15.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock worth $130,000 after buying an additional 996 shares during the period. Hedge funds and other institutional investors own 79.18% of the company’s stock.
A number of analysts have recently issued reports on HPQ shares. FBN Securities reiterated an “outperform” rating and issued a $23.00 price objective (up from $19.00) on shares of HP in a report 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 report on Monday, June 5th. BidaskClub downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Morgan Stanley reiterated an “overweight” rating and issued a $23.00 price objective on shares of HP in a report on Monday, June 26th. Finally, ValuEngine upgraded shares of HP from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. 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 currently has an average rating of “Buy” and a consensus price target of $20.57.
HP Inc. (HPQ) traded up 0.10% on Monday, reaching $19.96. The company had a trading volume of 2,128,374 shares. The stock’s 50-day moving average price is $19.18 and its 200-day moving average price is $18.44. The stock has a market capitalization of $33.34 billion, a P/E ratio of 14.51 and a beta of 1.93. HP Inc. has a 12-month low of $13.77 and a 12-month high of $19.97.
HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, topping the 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 business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that HP Inc. will post $1.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be paid a $0.1327 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 annualized dividend and a yield of 2.66%. HP’s dividend payout ratio is currently 38.41%.
In other HP news, Director Margaret C. Whitman sold 295,952 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $18.02, for a total value of $5,333,055.04. Following the completion of the transaction, the director now owns 618,865 shares in the company, valued at approximately $11,151,947.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret C. Whitman sold 147,976 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $17.92, for a total value of $2,651,729.92. Following the completion of the transaction, the director now owns 618,865 shares of the company’s stock, valued at approximately $11,090,060.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,449,665 shares of company stock valued at $27,319,947. 0.62% of the stock is owned by corporate insiders.
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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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