ARGI Investment Services LLC Has $1.93 Million Position in HP Inc (HPQ)
ARGI Investment Services LLC raised its stake in shares of HP Inc (NYSE:HPQ) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,971 shares of the computer maker’s stock after purchasing an additional 5,330 shares during the period. ARGI Investment Services LLC’s holdings in HP were worth $1,933,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in shares of HP by 6.2% in the 3rd quarter. Private Advisor Group LLC now owns 67,011 shares of the computer maker’s stock worth $1,376,000 after acquiring an additional 3,891 shares in the last quarter. Invictus RG raised its position in shares of HP by 114.5% in the 3rd quarter. Invictus RG now owns 26,609 shares of the computer maker’s stock worth $531,000 after acquiring an additional 14,204 shares in the last quarter. Stifel Financial Corp raised its position in shares of HP by 32.6% in the 3rd quarter. Stifel Financial Corp now owns 232,379 shares of the computer maker’s stock worth $4,631,000 after acquiring an additional 57,071 shares in the last quarter. San Francisco Sentry Investment Group CA raised its position in shares of HP by 188.3% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock worth $161,000 after acquiring an additional 5,262 shares in the last quarter. Finally, OxFORD Asset Management LLP raised its position in shares of HP by 266.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 62,218 shares of the computer maker’s stock worth $1,242,000 after acquiring an additional 45,257 shares in the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on HPQ shares. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price objective on shares of HP in a research report on Wednesday, August 16th. Loop Capital started coverage on HP in a research report on Tuesday, August 22nd. They issued a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research lowered HP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Maxim Group reissued a “hold” rating and issued a $22.00 price objective (up from $21.00) on shares of HP in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $19.50 price objective on shares of HP in a research report on Thursday, August 24th. Eleven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. HP presently has a consensus rating of “Buy” and a consensus target price of $21.31.
Shares of HP Inc (HPQ) traded down $0.04 on Monday, hitting $21.41. The stock had a trading volume of 9,909,900 shares, compared to its average volume of 10,986,204. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. The firm has a market cap of $35,760.14, a P/E ratio of 12.98, a PEG ratio of 2.27 and a beta of 1.81. HP Inc has a 12 month low of $14.40 and a 12 month high of $22.68.
HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. equities research analysts predict that HP Inc will post 1.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 dividend on an annualized basis and a yield of 2.60%. This is an increase from HP’s previous quarterly dividend of $0.13. HP’s payout ratio is 35.57%.
In other HP news, insider Kim M. Rivera sold 41,761 shares of HP stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $21.28, for a total transaction of $888,674.08. Following the completion of the transaction, the insider now owns 84,799 shares in the company, valued at approximately $1,804,522.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jon E. Flaxman sold 271,968 shares of HP stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $21.34, for a total value of $5,803,797.12. Following the transaction, the chief operating officer now owns 243,096 shares of the company’s stock, valued at approximately $5,187,668.64. The disclosure for this sale can be found here. Insiders have sold a total of 2,125,905 shares of company stock valued at $43,709,345 in the last quarter. Company insiders own 0.62% of the company’s stock.
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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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