HP Inc. (HPQ) Stake Held by Quotient Investors LLC
Quotient Investors LLC held its position in HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,400 shares of the computer maker’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in HP were worth $275,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of HP by 1.8% in the first quarter. Vanguard Group Inc. now owns 121,687,604 shares of the computer maker’s stock worth $2,175,775,000 after buying an additional 2,122,269 shares during the period. State Street Corp raised its stake in shares of HP by 0.7% in the first quarter. State Street Corp now owns 79,522,135 shares of the computer maker’s stock worth $1,421,893,000 after buying an additional 515,648 shares during the period. Primecap Management Co. CA raised its stake in shares of HP by 3.5% in the first quarter. Primecap Management Co. CA now owns 63,851,245 shares of the computer maker’s stock worth $1,141,660,000 after buying an additional 2,163,147 shares during the period. American International Group Inc. raised its stake in shares of HP by 1.6% in the first quarter. American International Group Inc. now owns 29,056,041 shares of the computer maker’s stock worth $519,522,000 after buying an additional 457,514 shares during the period. Finally, LSV Asset Management raised its stake in shares of HP by 4.8% in the first quarter. LSV Asset Management now owns 13,611,654 shares of the computer maker’s stock worth $243,376,000 after buying an additional 621,847 shares during the period. 79.49% of the stock is owned by institutional investors.
HP Inc. (NYSE HPQ) traded up 1.11% on Friday, hitting $19.15. 9,235,767 shares of the stock traded hands. The stock has a market cap of $32.24 billion, a P/E ratio of 13.54 and a beta of 1.89. HP Inc. has a 12-month low of $13.55 and a 12-month high of $19.58. The stock has a 50-day moving average price of $17.98 and a 200 day moving average price of $17.35.
HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.93 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that HP Inc. will post $1.64 EPS for the current fiscal year.
The business 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. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, June 12th. HP’s dividend payout ratio is presently 37.32%.
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A number of brokerages have recently issued reports on HPQ. UBS AG restated a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of HP in a research note on Thursday, May 25th. Royal Bank Of Canada upgraded shares of HP from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $21.00 to $22.00 in a research note on Thursday. BidaskClub lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on shares of HP from $16.50 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, May 25th. Ten investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.89.
In other HP news, Director Margaret C. Whitman sold 73,992 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $17.70, for a total value of $1,309,658.40. Following the completion of the transaction, the director now directly owns 544,881 shares of the company’s stock, valued at $9,644,393.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Margaret C. Whitman sold 295,952 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $18.02, for a total transaction of $5,333,055.04. Following the completion of the transaction, the director now directly owns 618,865 shares of the company’s stock, valued at $11,151,947.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,213,319 shares of company stock valued at $22,226,676. 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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