Toronto Dominion Bank Has $9.98 Million Holdings in HP Inc. (HPQ)

Toronto Dominion Bank grew its position in shares of HP Inc. (NYSE:HPQ) by 24.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 571,079 shares of the computer maker’s stock after purchasing an additional 112,883 shares during the period. Toronto Dominion Bank’s holdings in HP were worth $9,981,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Oak Associates Ltd. OH boosted its stake in shares of HP by 3.9% during the 2nd quarter. Oak Associates Ltd. OH now owns 430,796 shares of the computer maker’s stock worth $7,530,000 after purchasing an additional 16,000 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of HP during the 2nd quarter worth about $678,000. Advisory Services Network LLC boosted its stake in shares of HP by 9.8% during the 2nd quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after purchasing an additional 824 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of HP by 4,429.2% during the 2nd quarter. Koch Industries Inc. now owns 563,658 shares of the computer maker’s stock worth $533,000 after purchasing an additional 551,213 shares during the last quarter. Finally, National Asset Management Inc. boosted its stake in shares of HP by 1.4% during the 2nd quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock worth $208,000 after purchasing an additional 165 shares during the last quarter. 79.17% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on HPQ shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price target on shares of HP in a research note on Wednesday, August 16th. Loop Capital raised their price target on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Group LLC raised their price target on shares of HP from $18.00 to $18.75 and gave the stock a “hold” rating in a research note on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price target on shares of HP in a research note on Thursday, August 24th. Finally, Citigroup Inc. raised their price target on shares of HP from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. HP presently has a consensus rating of “Buy” and an average target price of $21.27.

In other HP news, Director Margaret C. Whitman sold 295,936 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $19.00, for a total transaction of $5,622,784.00. Following the completion of the sale, the director now owns 766,825 shares of the company’s stock, valued at $14,569,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Enrique Lores sold 40,965 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The disclosure for this sale can be found here. Insiders have sold 2,168,171 shares of company stock valued at $42,637,791 in the last ninety days. Company insiders own 0.62% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/17/toronto-dominion-bank-has-9-98-million-holdings-in-hp-inc-hpq.html.

Shares of HP Inc. (HPQ) traded down 0.73% during mid-day trading on Tuesday, hitting $21.63. 1,763,120 shares of the company were exchanged. The stock has a market cap of $36.13 billion, a PE ratio of 15.72 and a beta of 1.94. HP Inc. has a 12-month low of $13.77 and a 12-month high of $22.00. The stock’s 50-day moving average price is $19.79 and its 200 day moving average price is $18.81.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 64.93% and a net margin of 4.66%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities analysts anticipate that HP Inc. will post $1.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th were given a dividend of $0

Several other institutional investors have also recently added to or reduced their stakes in the business. Oak Associates Ltd. OH boosted its stake in shares of HP by 3.9% during the 2nd quarter. Oak Associates Ltd. OH now owns 430,796 shares of the computer maker’s stock worth $7,530,000 after purchasing an additional 16,000 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of HP during the 2nd quarter worth about $678,000. Advisory Services Network LLC boosted its stake in shares of HP by 9.8% during the 2nd quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after purchasing an additional 824 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of HP by 4,429.2% during the 2nd quarter. Koch Industries Inc. now owns 563,658 shares of the computer maker’s stock worth $533,000 after purchasing an additional 551,213 shares during the last quarter. Finally, National Asset Management Inc. boosted its stake in shares of HP by 1.4% during the 2nd quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock worth $208,000 after purchasing an additional 165 shares during the last quarter. 79.17% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on HPQ shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price target on shares of HP in a research note on Wednesday, August 16th. Loop Capital raised their price target on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Group LLC raised their price target on shares of HP from $18.00 to $18.75 and gave the stock a “hold” rating in a research note on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price target on shares of HP in a research note on Thursday, August 24th. Finally, Citigroup Inc. raised their price target on shares of HP from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. HP presently has a consensus rating of “Buy” and an average target price of $21.27.

In other HP news, Director Margaret C. Whitman sold 295,936 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $19.00, for a total transaction of $5,622,784.00. Following the completion of the sale, the director now owns 766,825 shares of the company’s stock, valued at $14,569,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Enrique Lores sold 40,965 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $21.50, for a total value of $880,747.50. The disclosure for this sale can be found here. Insiders have sold 2,168,171 shares of company stock valued at $42,637,791 in the last ninety days. Company insiders own 0.62% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/17/toronto-dominion-bank-has-9-98-million-holdings-in-hp-inc-hpq.html.

Shares of HP Inc. (HPQ) traded down 0.73% during mid-day trading on Tuesday, hitting $21.63. 1,763,120 shares of the company were exchanged. The stock has a market cap of $36.13 billion, a PE ratio of 15.72 and a beta of 1.94. HP Inc. has a 12-month low of $13.77 and a 12-month high of $22.00. The stock’s 50-day moving average price is $19.79 and its 200 day moving average price is $18.81.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 64.93% and a net margin of 4.66%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities analysts anticipate that HP Inc. will post $1.65 EPS for the current fiscal year.

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

About HP

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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