Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of HP Inc (NYSE:HPQ) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 900,337 shares of the computer maker’s stock after purchasing an additional 145,969 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of HP worth $17,971,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of HP by 12.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 61,791 shares of the computer maker’s stock worth $1,233,000 after purchasing an additional 6,975 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of HP by 6.4% during the 3rd quarter. Pacer Advisors Inc. now owns 66,183 shares of the computer maker’s stock worth $1,321,000 after purchasing an additional 4,008 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of HP during the 3rd quarter worth approximately $1,606,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of HP during the 3rd quarter worth approximately $620,000. Finally, Macquarie Group Ltd. grew its holdings in shares of HP by 4.9% during the 3rd quarter. Macquarie Group Ltd. now owns 109,500 shares of the computer maker’s stock worth $2,186,000 after purchasing an additional 5,100 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors.
HP Inc (NYSE:HPQ) opened at $20.97 on Friday. 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 52-week low of $14.40 and a 52-week high of $22.68. The stock has a market capitalization of $35,200.00, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.23 and a beta of 1.80.
HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. During the same quarter in the previous year, the company posted $0.36 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. equities research analysts expect that HP Inc will post 1.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.1393 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from HP’s previous quarterly dividend of $0.13. HP’s payout ratio is presently 35.81%.
In other news, insider Ron Coughlin sold 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $21.48, for a total transaction of $537,000.00. Following the completion of the sale, the insider now owns 53,173 shares in the company, valued at $1,142,156.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dion J. Weisler sold 731,502 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $19.97, for a total value of $14,608,094.94. Following the sale, the insider now owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,139,153 shares of company stock valued at $44,020,119. 0.62% of the stock is currently owned by corporate insiders.
Several research firms recently commented on HPQ. Zacks Investment Research downgraded HP from a “buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital restated a “buy” rating and set a $25.00 target price on shares of HP in a research report on Wednesday, November 22nd. Morgan Stanley restated a “hold” rating and set a $14.00 target price on shares of HP in a research report on Wednesday, November 22nd. Royal Bank Of Canada restated a “hold” rating on shares of HP in a research report on Wednesday, November 22nd. Finally, Deutsche Bank restated a “buy” rating and set a $25.00 target price on shares of HP in a research report on Wednesday, November 22nd. Twelve investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. HP presently has a consensus rating of “Buy” and a consensus target price of $21.31.
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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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