Public Employees Retirement System of Ohio Sells 25,632 Shares of HP Inc. (HPQ)

Public Employees Retirement System of Ohio reduced its position in HP Inc. (NYSE:HPQ) by 2.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,121,178 shares of the computer maker’s stock after selling 25,632 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of HP worth $19,598,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in 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 valued at $108,000 after buying an additional 1,013 shares during the period. American Beacon Advisors Inc. acquired a new position in HP in the 1st quarter valued at $112,000. YorkBridge Wealth Partners LLC increased its stake in HP by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after buying an additional 200 shares during the period. First Command Bank increased its stake in HP by 80.0% in the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after buying an additional 2,984 shares during the period. Finally, Evercore Wealth Management LLC increased its stake in HP by 14.0% in the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after buying an additional 836 shares during the period. 79.17% of the stock is currently owned by institutional investors.

In related news, insider Enrique Lores sold 40,965 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dion J. Weisler sold 731,502 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total value of $14,608,094.94. Following the completion of the transaction, the insider now owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The disclosure for this sale can be found here. Insiders sold a total of 2,168,171 shares of company stock valued at $42,637,791 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on HPQ shares. Morgan Stanley reissued an “overweight” rating and issued a $23.00 price objective on shares of HP in a research note on Monday, June 26th. ValuEngine raised shares of HP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Mizuho raised shares of HP from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a research note on Monday, July 10th. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc started coverage on shares of HP in a research note on Thursday, July 13th. They issued a “neutral” rating and a $20.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.27.

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Shares of HP Inc. (NYSE HPQ) traded up 0.161% on Monday, reaching $21.745. 2,750,858 shares of the company traded hands. The firm has a 50-day moving average of $19.79 and a 200-day moving average of $18.82. HP Inc. has a 52-week low of $13.77 and a 52-week high of $22.00. The company has a market capitalization of $36.32 billion, a PE ratio of 15.803 and a beta of 1.94.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating 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 business had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. During the same quarter last year, the company posted $0.48 EPS. HP’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that HP Inc. will post $1.65 earnings per share for the current fiscal year.

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Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in 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 valued at $108,000 after buying an additional 1,013 shares during the period. American Beacon Advisors Inc. acquired a new position in HP in the 1st quarter valued at $112,000. YorkBridge Wealth Partners LLC increased its stake in HP by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after buying an additional 200 shares during the period. First Command Bank increased its stake in HP by 80.0% in the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after buying an additional 2,984 shares during the period. Finally, Evercore Wealth Management LLC increased its stake in HP by 14.0% in the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after buying an additional 836 shares during the period. 79.17% of the stock is currently owned by institutional investors.

In related news, insider Enrique Lores sold 40,965 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dion J. Weisler sold 731,502 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total value of $14,608,094.94. Following the completion of the transaction, the insider now owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The disclosure for this sale can be found here. Insiders sold a total of 2,168,171 shares of company stock valued at $42,637,791 in the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on HPQ shares. Morgan Stanley reissued an “overweight” rating and issued a $23.00 price objective on shares of HP in a research note on Monday, June 26th. ValuEngine raised shares of HP from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Mizuho raised shares of HP from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a research note on Monday, July 10th. Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc started coverage on shares of HP in a research note on Thursday, July 13th. They issued a “neutral” rating and a $20.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.27.

COPYRIGHT VIOLATION NOTICE: This piece was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/16/public-employees-retirement-system-of-ohio-sells-25632-shares-of-hp-inc-hpq.html.

Shares of HP Inc. (NYSE HPQ) traded up 0.161% on Monday, reaching $21.745. 2,750,858 shares of the company traded hands. The firm has a 50-day moving average of $19.79 and a 200-day moving average of $18.82. HP Inc. has a 52-week low of $13.77 and a 52-week high of $22.00. The company has a market capitalization of $36.32 billion, a PE ratio of 15.803 and a beta of 1.94.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating 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 business had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. During the same quarter last year, the company posted $0.48 EPS. HP’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that HP Inc. will post $1.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were given a $0.1327 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.44%. HP’s dividend payout ratio (DPR) is 38.41%.

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.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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