Boyd Watterson Asset Management LLC OH raised its holdings in shares of HP Inc (NYSE:HPQ) by 66.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,117 shares of the computer maker’s stock after purchasing an additional 13,257 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in HP were worth $696,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CAPROCK Group Inc. boosted its stake in HP by 104.5% in the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock worth $871,000 after purchasing an additional 22,150 shares in the last quarter. Swiss National Bank boosted its position in shares of HP by 0.6% during the 3rd quarter. Swiss National Bank now owns 6,208,592 shares of the computer maker’s stock valued at $123,923,000 after acquiring an additional 34,800 shares during the last quarter. Meyer Handelman Co. boosted its position in shares of HP by 3.1% during the 3rd quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock valued at $8,971,000 after acquiring an additional 13,600 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of HP by 43.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 2,151,950 shares of the computer maker’s stock valued at $42,953,000 after acquiring an additional 656,546 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in HP by 17.4% in the third quarter. Principal Financial Group Inc. now owns 4,829,133 shares of the computer maker’s stock valued at $96,389,000 after buying an additional 716,899 shares during the last quarter. 80.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of HP Inc (NYSE HPQ) traded up $0.36 during trading on Thursday, hitting $22.41. The stock had a trading volume of 6,649,859 shares, compared to its average volume of 6,984,514. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. The firm has a market capitalization of $36,280.00, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 2.30 and a beta of 1.81. HP Inc has a twelve month low of $14.41 and a twelve month high of $22.68.
HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.36 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. HP’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 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a $0.1393 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Tuesday, December 12th. This is a positive change from HP’s previous quarterly dividend of $0.13. HP’s dividend payout ratio is currently 37.84%.
HPQ has been the subject of several research analyst reports. Zacks Investment Research downgraded HP from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Loop Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of HP in a report on Wednesday, November 22nd. Morgan Stanley reaffirmed a “hold” rating and set a $14.00 price target on shares of HP in a report on Wednesday, November 22nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of HP in a report on Wednesday, November 22nd. Finally, Deutsche Bank reiterated a “buy” rating and issued a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $21.31.
In other HP news, COO Jon E. Flaxman sold 207,806 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $21.58, for a total value of $4,484,453.48. Following the completion of the sale, the chief operating officer now owns 298,538 shares in the company, valued at approximately $6,442,450.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Dion J. Weisler sold 525,719 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $21.22, for a total transaction of $11,155,757.18. Following the completion of the sale, the insider now owns 865,216 shares of the company’s stock, valued at approximately $18,359,883.52. The disclosure for this sale can be found here. Insiders sold a total of 1,273,642 shares of company stock worth $27,185,474 in the last 90 days. 0.62% of the stock is currently owned by company 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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