Boyd Watterson Asset Management LLC OH Increases Stake in HP Inc (HPQ)

Boyd Watterson Asset Management LLC OH raised its stake in shares of HP Inc (NYSE:HPQ) by 66.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,117 shares of the computer maker’s stock after purchasing an additional 13,257 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in HP were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. YorkBridge Wealth Partners LLC raised its stake in shares of HP by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after acquiring an additional 200 shares in the last quarter. Evercore Wealth Management LLC raised its stake in shares of HP by 14.0% during the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after acquiring an additional 836 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of HP by 1.1% during the second quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock worth $132,000 after acquiring an additional 85 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of HP by 9.8% during the second quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after acquiring an additional 824 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA raised its stake in shares of HP by 188.3% during the third quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock worth $161,000 after acquiring an additional 5,262 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

In other HP news, insider Marie Myers sold 10,000 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $21.20, for a total transaction of $212,000.00. Following the transaction, the insider now directly owns 11,966 shares of the company’s stock, valued at approximately $253,679.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Jon E. Flaxman sold 271,968 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $21.34, for a total transaction of $5,803,797.12. Following the transaction, the chief operating officer now directly owns 243,096 shares in the company, valued at $5,187,668.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,024,851 shares of company stock worth $22,546,905. Insiders own 0.62% of the company’s stock.

Several research analysts have commented on HPQ shares. Deutsche Bank reissued a “buy” rating and set a $23.00 price target (up from $22.00) on shares of HP in a research note on Friday, October 6th. Citigroup lifted their price target on shares of HP from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Bank of America lifted their price target on shares of HP from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Loop Capital lifted their price target on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. HP presently has an average rating of “Hold” and a consensus price target of $22.51.

HP Inc (NYSE:HPQ) opened at $22.48 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of -1.98. The company has a market cap of $36,980.00, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.45 and a beta of 1.76. HP Inc has a one year low of $14.87 and a one year high of $24.10.

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 Zacks’ consensus estimate of $0.44. The business had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS. analysts anticipate that HP Inc will post 1.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.1393 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s payout ratio is currently 37.84%.

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HP 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.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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