Teachers Advisors LLC Has $65.83 Million Holdings in HP Inc. (HPQ)
Teachers Advisors LLC decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 15.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,765,844 shares of the computer maker’s stock after selling 697,863 shares during the period. Teachers Advisors LLC owned 0.22% of HP worth $65,827,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of HP by 19.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after purchasing an additional 1,013 shares in the last quarter. American Beacon Advisors Inc. bought a new position in shares of HP during the first quarter valued at approximately $112,000. YorkBridge Wealth Partners LLC increased its stake in shares of HP by 12.1% during the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock valued at $118,000 after purchasing an additional 675 shares in the last quarter. First Command Bank increased its stake in shares of HP by 80.0% during the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after purchasing an additional 2,984 shares in the last quarter. Finally, TrimTabs Asset Management LLC increased its stake in shares of HP by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock valued at $124,000 after purchasing an additional 3,264 shares in the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on HPQ shares. Bank of America Corporation raised their target price on shares of HP from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. UBS AG reaffirmed a “buy” rating and set a $22.00 target price (up previously from $20.00) on shares of HP in a research note on Thursday, May 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $19.00 target price on shares of HP in a research note on Tuesday, May 23rd. Citigroup Inc. set a $20.00 target price on shares of HP and gave the company a “buy” rating in a research note on Thursday, May 25th. Finally, Mizuho raised shares of HP from a “neutral” rating to a “buy” rating and raised their target price for the company from $20.00 to $21.00 in a research note on Monday, July 10th. Ten investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $20.57.
HP Inc. (HPQ) opened at 19.47 on Friday. The stock has a market cap of $32.52 billion, a PE ratio of 14.15 and a beta of 1.93. The stock’s 50 day moving average is $19.15 and its 200 day moving average is $18.38. HP Inc. has a 52 week low of $13.77 and a 52 week high of $19.78.
HP (NYSE:HPQ) last announced its quarterly earnings results 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 net margin of 4.66% and a negative return on equity of 64.93%. The firm had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $12.31 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts predict that HP Inc. will post $1.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, September 12th. HP’s payout ratio is 38.41%.
In related news, Director Margaret C. Whitman sold 73,992 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $17.72, for a total transaction of $1,311,138.24. Following the completion of the sale, the director now directly owns 544,881 shares in the company, valued at $9,655,291.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $218,990.33. Following the sale, 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. Over the last ninety days, insiders have sold 1,725,567 shares of company stock worth $32,210,686. 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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