HP Inc. (HPQ) Stake Held by Capital International Investors
Capital International Investors held its stake in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,828,400 shares of the computer maker’s stock at the close of the 2nd quarter. Capital International Investors owned about 0.88% of HP worth $259,200,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in HP by 19.7% during the second 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 in the last quarter. American Beacon Advisors Inc. purchased a new position in HP in the 1st quarter worth about $112,000. YorkBridge Wealth Partners LLC raised its holdings in HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after buying an additional 200 shares during the period. 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. Finally, Evercore Wealth Management LLC raised its holdings in HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after buying an additional 836 shares during the period. Institutional investors own 79.18% of the company’s stock.
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In other HP news, insider Dion J. Weisler sold 731,502 shares of the company’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total value of $14,608,094.94. Following the transaction, the insider now directly owns 435,018 shares in the company, valued at $8,687,309.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Margaret C. Whitman sold 147,976 shares of the company’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $17.92, for a total transaction of $2,651,729.92. Following the completion of the transaction, the director now owns 618,865 shares in the company, valued at $11,090,060.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,530,169 shares of company stock valued at $48,902,046 in the last ninety days. Insiders own 0.62% of the company’s stock.
Shares of HP Inc. (NYSE HPQ) traded up 0.075% on Tuesday, reaching $20.135. 2,448,054 shares of the company traded hands. The stock has a 50 day moving average of $19.36 and a 200 day moving average of $18.60. HP Inc. has a 52-week low of $13.77 and a 52-week high of $20.23. The stock has a market cap of $33.63 billion, a price-to-earnings ratio of 14.633 and a beta of 1.94.
HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. On average, analysts expect that HP Inc. will post $1.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a yield of 2.64%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio is 38.41%.
HPQ has been the subject of a number of analyst reports. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $20.00 price objective on shares of HP in a research note on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of HP in a research report on Tuesday, September 5th. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. BidaskClub lowered shares of 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 report on Thursday, August 24th. 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 company’s stock. The stock has an average rating of “Buy” and an average price target of $20.57.
HP Company Profile
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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