BLB&B Advisors LLC held its stake in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,847 shares of the computer maker’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in HP were worth $641,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in HPQ. American Beacon Advisors Inc. purchased a new stake in shares of HP during the first quarter valued at $112,000. CWM LLC boosted its stake in shares of HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock valued at $115,000 after buying an additional 20 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock valued at $118,000 after buying an additional 675 shares in the last quarter. First Command Bank boosted its stake in shares of HP by 80.0% in the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after buying an additional 2,984 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in shares of HP by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock valued at $124,000 after buying an additional 3,264 shares in the last quarter. 79.49% of the stock is owned by hedge funds and other institutional investors.
HP Inc. (NYSE:HPQ) traded up 1.11% during midday trading on Friday, reaching $19.15. The company had a trading volume of 9,235,767 shares. HP Inc. has a 12-month low of $13.55 and a 12-month high of $19.58. The firm has a market capitalization of $32.24 billion, a price-to-earnings ratio of 13.54 and a beta of 1.89. The stock’s 50 day moving average is $17.98 and its 200 day moving average is $17.35.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.93 billion. HP had a negative return on equity of 68.86% and a net margin of 4.94%. HP’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities research analysts expect that HP Inc. will post $1.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Wednesday, June 14th were paid a $0.1327 dividend. The ex-dividend date of this dividend was Monday, June 12th. This represents a $0.53 annualized dividend and a dividend yield of 2.77%. HP’s payout ratio is presently 37.32%.
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HPQ has been the subject of several recent research reports. Citigroup Inc. raised HP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. UBS AG reissued a “buy” rating and set a $20.00 price objective (up from $18.00) on shares of HP in a report on Monday, April 3rd. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, April 25th. Credit Suisse Group AG reissued a “buy” rating and set a $19.00 price objective on shares of HP in a report on Tuesday, May 23rd. Finally, Bank of America Corporation boosted their price objective on HP from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Ten equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. HP presently has a consensus rating of “Buy” and a consensus target price of $19.89.
In related news, CFO Catherine A. Lesjak sold 67,997 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $19.00, for a total transaction of $1,291,943.00. Following the sale, the chief financial officer now directly owns 67,997 shares in the company, valued at approximately $1,291,943. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Catherine A. Lesjak sold 52,387 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $19.00, for a total value of $995,353.00. Following the sale, the chief financial officer now owns 52,387 shares in the company, valued at $995,353. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,213,319 shares of company stock worth $22,226,676. Corporate insiders own 0.62% of the company’s stock.
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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