SkyBridge Capital II LLC Reduces Position in HP Inc. (HPQ)

SkyBridge Capital II LLC reduced its position in shares of HP Inc. (NYSE:HPQ) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,799 shares of the computer maker’s stock after selling 136,692 shares during the period. HP accounts for about 4.0% of SkyBridge Capital II LLC’s holdings, making the stock its 6th biggest position. SkyBridge Capital II LLC’s holdings in HP were worth $8,303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in HP by 2.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 9,698,780 shares of the computer maker’s stock worth $203,796,000 after buying an additional 260,392 shares during the last quarter. Regentatlantic Capital LLC increased its holdings in HP by 2.2% during the fourth quarter. Regentatlantic Capital LLC now owns 149,582 shares of the computer maker’s stock worth $3,143,000 after buying an additional 3,164 shares during the last quarter. First Quadrant L P CA purchased a new stake in HP during the fourth quarter worth about $27,335,000. First American Bank increased its holdings in HP by 7.4% during the fourth quarter. First American Bank now owns 150,717 shares of the computer maker’s stock worth $3,166,000 after buying an additional 10,395 shares during the last quarter. Finally, Hudson Capital Management LLC purchased a new stake in HP during the fourth quarter worth about $1,264,000. 78.53% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on the stock. Susquehanna Bancshares set a $22.00 price objective on shares of HP and gave the stock a “hold” rating in a report on Friday, February 23rd. UBS restated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of HP in a report on Friday, February 23rd. Deutsche Bank raised their price objective on shares of HP from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Guggenheim restated a “hold” rating on shares of HP in a report on Tuesday, February 20th. Finally, ValuEngine upgraded shares of HP from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $23.94.

Shares of HP opened at $22.07 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $36.26 billion, a P/E ratio of 13.38, a PEG ratio of 1.92 and a beta of 1.67. HP Inc. has a 12 month low of $17.10 and a 12 month high of $24.75. The company has a debt-to-equity ratio of -2.31, a current ratio of 0.91 and a quick ratio of 0.67.

HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, February 22nd. The computer maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $14.52 billion during the quarter, compared to analysts’ expectations of $13.47 billion. HP had a net margin of 7.15% and a negative return on equity of 82.30%. HP’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. equities research analysts anticipate that HP Inc. will post 1.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Wednesday, June 13th will be paid a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.56 annualized dividend and a yield of 2.52%. HP’s dividend payout ratio is currently 33.94%.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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