Cornerstone Capital Management Holdings LLC. lifted its holdings in HP Inc (NYSE:HPQ) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,544,776 shares of the computer maker’s stock after acquiring an additional 204,963 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in HP were worth $32,455,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC increased its position in shares of HP by 1,153.0% in the fourth quarter. Advisors Preferred LLC now owns 4,774 shares of the computer maker’s stock worth $100,000 after acquiring an additional 4,393 shares in the last quarter. Sandy Spring Bank grew its holdings in HP by 439.8% during the 4th quarter. Sandy Spring Bank now owns 5,236 shares of the computer maker’s stock valued at $110,000 after purchasing an additional 4,266 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in HP during the 4th quarter valued at $111,000. Virtue Capital Management LLC acquired a new stake in HP during the 4th quarter valued at $117,000. Finally, Valeo Financial Advisors LLC grew its holdings in HP by 159.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,534 shares of the computer maker’s stock valued at $137,000 after purchasing an additional 4,011 shares in the last quarter. 80.59% of the stock is owned by institutional investors.
HP Inc (NYSE:HPQ) opened at $23.62 on Wednesday. HP Inc has a 52 week low of $17.03 and a 52 week high of $24.75. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of -2.31. The company has a market cap of $39,113.94, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 2.07 and a beta of 1.69.
HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, February 22nd. The computer maker reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. HP had a net margin of 7.15% and a negative return on equity of 82.30%. The firm had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $13.47 billion. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. equities research analysts predict that HP Inc will post 1.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a $0.1393 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.36%. HP’s payout ratio is currently 24.45%.
In other news, Director Shumeet Banerji sold 35,686 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $21.50, for a total value of $767,249.00. Following the transaction, the director now directly owns 28,000 shares in the company, valued at approximately $602,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Enrique Lores sold 302,893 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the completion of the transaction, the insider now owns 88,901 shares in the company, valued at $2,072,282.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 591,385 shares of company stock worth $13,289,138. Insiders own 0.25% of the company’s stock.
A number of research firms recently weighed in on HPQ. ValuEngine lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley lowered shares of HP from an “overweight” rating to an “equal weight” rating and set a $25.00 price target for the company. in a report on Tuesday, January 23rd. Loop Capital reaffirmed a “buy” rating and set a $28.00 price target on shares of HP in a report on Monday, January 22nd. Zacks Investment Research lowered shares of HP from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Finally, Citigroup raised their price target on shares of HP from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. HP currently has an average rating of “Buy” and an average target price of $23.94.
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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