Macquarie Group Ltd. Acquires 5,100 Shares of HP Inc (HPQ)

Macquarie Group Ltd. increased its holdings in HP Inc (NYSE:HPQ) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,500 shares of the computer maker’s stock after purchasing an additional 5,100 shares during the period. Macquarie Group Ltd.’s holdings in HP were worth $2,186,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its stake in HP by 19.7% during the second 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 during the last quarter. YorkBridge Wealth Partners LLC grew its stake in HP by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after buying an additional 200 shares during the last quarter. Evercore Wealth Management LLC grew its stake in HP by 14.0% during the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock worth $119,000 after buying an additional 836 shares during the last quarter. D.A. Davidson & CO. grew its stake in HP by 1.1% during the second quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock worth $132,000 after buying an additional 85 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in HP by 9.8% during the second quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock worth $161,000 after buying an additional 824 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Marie Myers sold 10,025 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $19.50, for a total value of $195,487.50. Following the transaction, the insider now directly owns 10,025 shares in the company, valued at $195,487.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tracy S. Keogh sold 265,600 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $19.90, for a total transaction of $5,285,440.00. Following the completion of the transaction, the insider now owns 165,952 shares in the company, valued at $3,302,444.80. The disclosure for this sale can be found here. Insiders have sold 2,139,153 shares of company stock worth $44,020,119 over the last three months. 0.62% of the stock is owned by insiders.

Several analysts have weighed in on HPQ shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of HP in a research note on Thursday, August 24th. Loop Capital started coverage on shares of HP in a research note on Tuesday, August 22nd. They set a “buy” rating and a $23.00 price objective on the stock. Deutsche Bank reaffirmed a “buy” rating on shares of HP in a research note on Thursday, August 24th. Mizuho reaffirmed a “buy” rating and set a $21.00 price objective on shares of HP in a research note on Thursday, August 24th. Finally, Zacks Investment Research raised shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, October 10th. Twelve research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. HP has a consensus rating of “Buy” and a consensus price target of $21.31.

HP Inc (NYSE:HPQ) traded down $0.01 on Wednesday, hitting $21.07. 9,209,101 shares of the stock traded hands, compared to its average volume of 10,987,110. HP Inc has a twelve month low of $14.40 and a twelve month high of $22.68. The company has a debt-to-equity ratio of -1.98, a current ratio of 1.00 and a quick ratio of 0.74. The company has a market capitalization of $35,208.95, a PE ratio of 12.78, a P/E/G ratio of 2.23 and a beta of 1.81.

HP (NYSE:HPQ) last released its quarterly 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. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. HP’s revenue was up 11.3% compared to the same quarter last year. sell-side analysts anticipate that HP Inc will post 1.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.1393 per share. This is a boost from HP’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, December 12th. HP’s dividend payout ratio is 35.57%.

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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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