Exxonmobil Investment Management Inc. TX cut its stake in shares of HP Inc (NYSE:HPQ) by 12.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 265,578 shares of the computer maker’s stock after selling 39,434 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in HP were worth $5,580,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in HPQ. Vanguard Group Inc. raised its position in shares of HP by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 123,633,569 shares of the computer maker’s stock valued at $2,161,114,000 after purchasing an additional 1,945,965 shares in the last quarter. BlackRock Inc. raised its position in shares of HP by 2.5% in the 2nd quarter. BlackRock Inc. now owns 108,599,783 shares of the computer maker’s stock valued at $1,898,325,000 after purchasing an additional 2,608,983 shares in the last quarter. Boston Partners raised its position in shares of HP by 45.9% in the 3rd quarter. Boston Partners now owns 38,111,672 shares of the computer maker’s stock valued at $760,709,000 after purchasing an additional 11,994,111 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of HP by 9.8% in the 3rd quarter. Wells Fargo & Company MN now owns 15,902,375 shares of the computer maker’s stock valued at $317,411,000 after purchasing an additional 1,415,318 shares in the last quarter. Finally, Capital International Investors raised its position in shares of HP by 4.5% in the 3rd quarter. Capital International Investors now owns 15,501,200 shares of the computer maker’s stock valued at $309,404,000 after purchasing an additional 672,800 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.
HPQ has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on HP from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Jefferies Group reiterated a “hold” rating and issued a $20.00 price target on shares of HP in a report on Sunday, October 8th. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, October 10th. Deutsche Bank reiterated a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of HP in a report on Friday, October 6th. Finally, Maxim Group reiterated a “hold” rating and issued a $25.00 price target on shares of HP in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. HP presently has an average rating of “Hold” and an average price target of $22.51.
HP Inc (NYSE HPQ) traded down $0.82 during trading hours on Friday, hitting $22.48. The stock had a trading volume of 9,162,828 shares, compared to its average volume of 7,890,000. HP Inc has a 12 month low of $14.87 and a 12 month high of $24.10. The company has a market capitalization of $36,980.00, a PE ratio of 15.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.76. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00.
HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. equities analysts expect that HP Inc will post 1.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.1393 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.48%. HP’s dividend payout ratio (DPR) is 37.84%.
In other news, insider Kim M. Rivera sold 14,635 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $21.08, for a total transaction of $308,505.80. Following the completion of the sale, the insider now directly owns 79,553 shares of the company’s stock, valued at $1,676,977.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marie Myers sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $21.55, for a total value of $215,500.00. Following the sale, the insider now directly owns 21,966 shares of the company’s stock, valued at $473,367.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,024,851 shares of company stock valued at $22,546,905. Insiders own 0.62% of the company’s stock.
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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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