PNC Financial Services Group Inc. lowered its stake in HP Inc. (NYSE:HPQ) by 0.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 760,019 shares of the computer maker’s stock after selling 5,350 shares during the period. PNC Financial Services Group Inc.’s holdings in HP were worth $13,284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its position in shares of HP by 19.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after purchasing an additional 1,013 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in shares of HP in the 1st quarter worth about $112,000. YorkBridge Wealth Partners LLC increased its position in shares of HP by 12.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after purchasing an additional 675 shares during the last quarter. First Command Bank increased its position in shares of HP by 80.0% in the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after purchasing an additional 2,984 shares during the last quarter. Finally, TrimTabs Asset Management LLC increased its position in shares of HP by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock worth $124,000 after purchasing an additional 3,264 shares during the last quarter. 79.18% of the stock is owned by institutional investors.

In other HP news, Director Margaret C. Whitman sold 443,920 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $19.32, for a total value of $8,576,534.40. Following the completion of the sale, the director now owns 692,849 shares in the company, valued at approximately $13,385,842.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret C. Whitman sold 147,968 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $18.00, for a total transaction of $2,663,424.00. Following the completion of the sale, the director now owns 618,857 shares of the company’s stock, valued at approximately $11,139,426. The disclosure for this sale can be found here. Insiders sold a total of 1,587,608 shares of company stock valued at $29,785,377 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

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Several research firms have recently weighed in on HPQ. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of HP in a research report on Tuesday, September 5th. Deutsche Bank AG reissued a “buy” rating on shares of HP in a research report on Thursday, August 24th. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $20.00 target price on shares of HP in a research report on Friday, August 25th. FBN Securities reissued an “outperform” rating and issued a $25.00 target price (up previously from $23.00) on shares of HP in a research report on Thursday, August 24th. Finally, Mizuho reissued a “buy” rating and issued a $21.00 target price on shares of HP in a research report on Thursday, August 24th. Ten 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 stock presently has a consensus rating of “Buy” and a consensus target price of $20.57.

Shares of HP Inc. (NYSE:HPQ) opened at 19.60 on Thursday. HP Inc. has a 52 week low of $13.77 and a 52 week high of $19.78. The stock has a 50 day moving average of $19.18 and a 200-day moving average of $18.44. The firm has a market capitalization of $32.74 billion, a price-to-earnings ratio of 14.24 and a beta of 1.93.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.31 billion. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. 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. Shareholders of record on Wednesday, September 13th will be given a $0.1327 dividend. This represents a $0.53 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, September 12th. HP’s payout ratio is presently 38.41%.

HP 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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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