Grandview Asset Management LLC bought a new position in shares of HP Inc. (NYSE:HPQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,001 shares of the computer maker’s stock, valued at approximately $839,000.
Other large investors have also added to or reduced their stakes in the company. Unison Advisors LLC increased its stake in shares of HP by 0.5% during the fourth quarter. Unison Advisors LLC now owns 91,261 shares of the computer maker’s stock valued at $1,882,000 after buying an additional 483 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of HP by 12.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,402 shares of the computer maker’s stock valued at $90,000 after buying an additional 499 shares during the period. DT Investment Partners LLC grew its stake in HP by 0.3% in the fourth quarter. DT Investment Partners LLC now owns 190,608 shares of the computer maker’s stock valued at $3,900,000 after purchasing an additional 632 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in HP by 6.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 11,339 shares of the computer maker’s stock valued at $232,000 after purchasing an additional 647 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in HP by 3.7% in the fourth quarter. Dupont Capital Management Corp now owns 18,590 shares of the computer maker’s stock valued at $380,000 after purchasing an additional 661 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
Shares of HPQ stock opened at $22.92 on Monday. HP Inc. has a fifty-two week low of $19.22 and a fifty-two week high of $27.08. The stock has a market cap of $35.61 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.
HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, November 29th. The computer maker reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. HP had a negative return on equity of 188.62% and a net margin of 9.11%. The business had revenue of $15.37 billion for the quarter, compared to analyst estimates of $15.13 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. As a group, research analysts forecast that HP Inc. will post 2.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.1602 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.80%. HP’s payout ratio is 31.68%.
In related news, insider Alex Cho sold 3,879 shares of HP stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $23.68, for a total transaction of $91,854.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dion J. Weisler sold 116,134 shares of HP stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $22.99, for a total value of $2,669,920.66. Following the sale, the insider now directly owns 1,248,276 shares of the company’s stock, valued at approximately $28,697,865.24. The disclosure for this sale can be found here. Insiders have sold 194,859 shares of company stock worth $4,515,614 in the last 90 days. Insiders own 0.25% of the company’s stock.
Several equities analysts have issued reports on HPQ shares. Zacks Investment Research lowered HP from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. ValuEngine lowered HP from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. JPMorgan Chase & Co. set a $26.00 target price on HP and gave the company a “neutral” rating in a research note on Friday, November 30th. Wolfe Research started coverage on HP in a research note on Tuesday, December 11th. They issued an “outperform” rating on the stock. Finally, Standpoint Research started coverage on HP in a research note on Wednesday, December 26th. They issued a “buy” rating and a $19.38 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. HP currently has a consensus rating of “Buy” and an average price target of $27.31.
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HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
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