Exane Derivatives Acquires 4,474 Shares of HP Inc. (HPQ)
Exane Derivatives raised its stake in HP Inc. (NYSE:HPQ) by 134.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,800 shares of the computer maker’s stock after buying an additional 4,474 shares during the period. Exane Derivatives’ holdings in HP were worth $136,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. American Beacon Advisors Inc. purchased a new position in HP during the first quarter valued at approximately $112,000. CWM LLC boosted its position in 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 during the period. YorkBridge Wealth Partners LLC boosted its position in 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 during the period. First Command Bank boosted its position in 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 during the period. Finally, TrimTabs Asset Management LLC boosted its position in 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 during the period. Institutional investors own 79.49% of the company’s stock.
HP Inc. (NYSE HPQ) opened at 18.70 on Thursday. HP Inc. has a 12 month low of $13.55 and a 12 month high of $19.58. The stock has a market cap of $31.48 billion, a P/E ratio of 13.22 and a beta of 1.89. The firm’s 50-day moving average is $17.97 and its 200-day moving average is $17.34.
HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.93 billion. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, equities analysts forecast that HP Inc. will post $1.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th were issued a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, June 12th. HP’s dividend payout ratio (DPR) is 37.32%.
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Several research firms have commented on HPQ. UBS AG reiterated a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of HP in a report on Thursday, May 25th. Royal Bank Of Canada upgraded shares of HP from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $21.00 to $22.00 in a report on Thursday. BidaskClub cut shares of HP from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Wells Fargo & Company reiterated an “outperform” rating and set a $21.00 price target on shares of HP in a report on Thursday, March 23rd. Finally, Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, April 25th. Ten equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. HP currently has a consensus rating of “Buy” and a consensus target price of $19.89.
In other news, 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 transaction of $995,353.00. Following the completion of the transaction, the chief financial officer now owns 52,387 shares of the company’s stock, valued at $995,353. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ron Coughlin sold 10,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $18.95, for a total transaction of $189,500.00. Following the transaction, the insider now directly owns 51,745 shares of the company’s stock, valued at approximately $980,567.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 917,383 shares of company stock valued at $16,603,892. Corporate insiders own 0.62% of the company’s stock.
HP Company 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.
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