Fort Washington Investment Advisors Inc. OH Has $12,812,000 Stake in HP Inc. (HPQ)
Fort Washington Investment Advisors Inc. OH held its position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 732,978 shares of the computer maker’s stock at the end of the 2nd quarter. Fort Washington Investment Advisors Inc. OH’s holdings in HP were worth $12,812,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of HPQ. Trexquant Investment LP acquired a new stake in shares of HP in the 1st quarter valued at $833,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of HP in the 1st quarter valued at $443,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of HP by 106.5% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 1,462,303 shares of the computer maker’s stock valued at $26,145,000 after purchasing an additional 754,019 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of HP by 2.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 256,080 shares of the computer maker’s stock valued at $4,476,000 after purchasing an additional 6,074 shares in the last quarter. Finally, American Beacon Advisors Inc. acquired a new stake in shares of HP in the 1st quarter valued at $112,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.
HPQ has been the topic of several recent analyst reports. Vetr downgraded shares of HP from a “buy” rating to a “hold” rating and set a $19.72 target price on the stock. in a research note on Monday, June 5th. ValuEngine upgraded shares of HP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Susquehanna Bancshares Inc initiated coverage on shares of HP in a research note on Thursday, July 13th. They issued a “neutral” rating and a $20.00 target price on the stock. Royal Bank Of Canada boosted their target price on shares of HP from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, July 12th. Ten research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.57.
In other news, Director Margaret C. Whitman sold 73,992 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $17.70, for a total transaction of $1,309,658.40. Following the completion of the transaction, the director now directly owns 544,881 shares in the company, valued at $9,644,393.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marie Myers sold 12,119 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.07, for a total value of $218,990.33. Following the transaction, the insider now owns 5,621 shares of the company’s stock, valued at $101,571.47. The disclosure for this sale can be found here. Insiders have sold 1,725,567 shares of company stock valued at $32,210,686 over the last 90 days. 0.62% of the stock is owned by corporate insiders.
Shares of HP Inc. (HPQ) traded down 1.69% during mid-day trading on Wednesday, hitting $19.15. The stock had a trading volume of 2,233,909 shares. The firm has a market capitalization of $31.99 billion, a PE ratio of 13.92 and a beta of 1.93. HP Inc. has a 1-year low of $13.77 and a 1-year high of $19.78. The stock’s 50-day moving average is $19.14 and its 200-day moving average is $18.36.
HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.31 billion. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities analysts expect that HP Inc. will post $1.65 earnings per share for the current year.
The business also recently disclosed 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. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.72%. HP’s dividend payout ratio (DPR) is 38.41%.
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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