First Personal Financial Services Holds Position in HP Inc. (HPQ)
First Personal Financial Services held its stake in HP Inc. (NYSE:HPQ) during the second quarter, Holdings Channel reports. The firm owned 19,749 shares of the computer maker’s stock at the end of the second quarter. First Personal Financial Services’ holdings in HP were worth $345,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake 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. NewSquare Capital LLC boosted its stake in HP by 12.3% in the first quarter. NewSquare Capital LLC now owns 72,449 shares of the computer maker’s stock valued at $1,295,000 after buying an additional 7,960 shares during the period. Rockland Trust Co. boosted its stake in HP by 1.9% in the first quarter. Rockland Trust Co. now owns 156,887 shares of the computer maker’s stock valued at $2,805,000 after buying an additional 2,943 shares during the period. Moody National Bank Trust Division bought a new stake in HP during the first quarter valued at approximately $746,000. Finally, Huntington National Bank boosted its stake in HP by 17.6% in the first quarter. Huntington National Bank now owns 207,252 shares of the computer maker’s stock valued at $3,706,000 after buying an additional 31,001 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.
Shares of HP Inc. (NYSE HPQ) opened at 18.64 on Friday. HP Inc. has a 1-year low of $13.55 and a 1-year high of $19.58. The firm has a market cap of $31.38 billion, a price-to-earnings ratio of 13.18 and a beta of 1.90. The company’s 50 day moving average price is $18.65 and its 200-day moving average price is $17.93.
HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company 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 revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Equities analysts expect that HP Inc. will post $1.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is presently 37.32%.
Several equities research analysts have recently commented on HPQ shares. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada restated a “sector perform” rating and set a $20.00 price target (up previously from $18.00) on shares of HP in a research note on Friday, May 19th. Credit Suisse Group restated a “buy” rating and set a $19.00 price target on shares of HP in a research note on Tuesday, May 23rd. BMO Capital Markets upped their price target on HP from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Finally, Citigroup Inc. set a $20.00 price target on HP and gave the stock a “buy” rating in a research note on Thursday, May 25th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.89.
In other news, insider Marie Myers sold 12,119 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.07, for a total transaction of $218,990.33. Following the sale, the insider now directly owns 5,621 shares of the company’s stock, valued at $101,571.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jon E. Flaxman sold 35,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $18.26, for a total value of $639,100.00. Following the sale, the chief operating officer now directly owns 62,203 shares in the company, valued at $1,135,826.78. The disclosure for this sale can be found here. Insiders have sold 1,748,815 shares of company stock worth $32,623,560 over the last ninety days. 0.62% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ).
Receive News & Ratings for HP Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP Inc. and related companies with MarketBeat.com's FREE daily email newsletter.