Balyasny Asset Management LLC Sells 120,934 Shares of HP Inc. (HPQ)

Balyasny Asset Management LLC cut its holdings in HP Inc. (NYSE:HPQ) by 78.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,525 shares of the computer maker’s stock after selling 120,934 shares during the period. Balyasny Asset Management LLC’s holdings in HP were worth $569,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted 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 buying an additional 1,013 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in HP in the 1st quarter valued at about $112,000. First Command Bank raised 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 purchasing an additional 2,984 shares during the last quarter. Evercore Wealth Management LLC raised 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 purchasing an additional 836 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in HP by 15.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock valued at $130,000 after purchasing an additional 996 shares during the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.

HP Inc. (HPQ) opened at 21.55 on Wednesday. The stock has a market cap of $35.99 billion, a PE ratio of 15.66 and a beta of 1.94. The firm has a 50-day moving average price of $19.79 and a 200-day moving average price of $18.81. HP Inc. has a 12-month low of $13.77 and a 12-month high of $22.00.

HP (NYSE:HPQ) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $12.31 billion. During the same period last year, the business earned $0.48 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts forecast that HP Inc. will post $1.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were paid a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, September 12th. HP’s payout ratio is 38.41%.

In related news, insider Dion J. Weisler sold 731,502 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $19.97, for a total value of $14,608,094.94. Following the transaction, the insider now directly owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dion J. Weisler sold 95,521 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $19.97, for a total value of $1,907,554.37. Following the completion of the transaction, the chief executive officer now directly owns 435,018 shares in the company, valued at $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 worth $42,637,791 over the last three months. 0.62% of the stock is owned by company insiders.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $22.00 in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of HP in a research note on Thursday, August 24th. BMO Capital Markets reissued a “hold” rating and issued a $20.00 target price on shares of HP in a research note on Thursday, August 24th. Mizuho reissued a “buy” rating and issued a $21.00 target price on shares of HP in a research note on Thursday, August 24th. Finally, Guggenheim reissued a “neutral” rating on shares of HP in a research note on Monday, October 2nd. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.44.

COPYRIGHT VIOLATION NOTICE: “Balyasny Asset Management LLC Sells 120,934 Shares of HP Inc. (HPQ)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this pie

Other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted 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 buying an additional 1,013 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in HP in the 1st quarter valued at about $112,000. First Command Bank raised 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 purchasing an additional 2,984 shares during the last quarter. Evercore Wealth Management LLC raised 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 purchasing an additional 836 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in HP by 15.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock valued at $130,000 after purchasing an additional 996 shares during the last quarter. Institutional investors and hedge funds own 79.17% of the company’s stock.

HP Inc. (HPQ) opened at 21.55 on Wednesday. The stock has a market cap of $35.99 billion, a PE ratio of 15.66 and a beta of 1.94. The firm has a 50-day moving average price of $19.79 and a 200-day moving average price of $18.81. HP Inc. has a 12-month low of $13.77 and a 12-month high of $22.00.

HP (NYSE:HPQ) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $12.31 billion. During the same period last year, the business earned $0.48 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Analysts forecast that HP Inc. will post $1.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th were paid a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, September 12th. HP’s payout ratio is 38.41%.

In related news, insider Dion J. Weisler sold 731,502 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $19.97, for a total value of $14,608,094.94. Following the transaction, the insider now directly owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dion J. Weisler sold 95,521 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $19.97, for a total value of $1,907,554.37. Following the completion of the transaction, the chief executive officer now directly owns 435,018 shares in the company, valued at $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 worth $42,637,791 over the last three months. 0.62% of the stock is owned by company insiders.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of HP from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $22.00 in a research note on Thursday, July 20th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of HP in a research note on Thursday, August 24th. BMO Capital Markets reissued a “hold” rating and issued a $20.00 target price on shares of HP in a research note on Thursday, August 24th. Mizuho reissued a “buy” rating and issued a $21.00 target price on shares of HP in a research note on Thursday, August 24th. Finally, Guggenheim reissued a “neutral” rating on shares of HP in a research note on Monday, October 2nd. Nine analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.44.

COPYRIGHT VIOLATION NOTICE: “Balyasny Asset Management LLC Sells 120,934 Shares of HP Inc. (HPQ)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/balyasny-asset-management-llc-sells-120934-shares-of-hp-inc-hpq.html.

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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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