Dowling & Yahnke LLC boosted its position in shares of HP Inc. (NYSE:HPQ) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,342 shares of the computer maker’s stock after buying an additional 1,150 shares during the period. Dowling & Yahnke LLC’s holdings in HP were worth $932,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of HPQ. LMR Partners LLP raised its stake in shares of HP by 106.4% in the second quarter. LMR Partners LLP now owns 93,380 shares of the computer maker’s stock worth $1,632,000 after buying an additional 48,130 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of HP by 56.2% in the second quarter. Dupont Capital Management Corp now owns 309,566 shares of the computer maker’s stock worth $5,411,000 after buying an additional 111,429 shares in the last quarter. Savant Capital LLC raised its stake in shares of HP by 0.7% in the second quarter. Savant Capital LLC now owns 24,440 shares of the computer maker’s stock worth $427,000 after buying an additional 164 shares in the last quarter. Conning Inc. increased its position in shares of HP by 8.4% in the second quarter. Conning Inc. now owns 51,389 shares of the computer maker’s stock worth $898,000 after buying an additional 3,974 shares during the last quarter. Finally, Rational Advisors LLC bought a new position in shares of HP during the second quarter worth about $253,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.
Shares of HP Inc. (NYSE HPQ) opened at 19.04 on Wednesday. HP Inc. has a one year low of $13.55 and a one year high of $19.58. The firm has a 50-day moving average price of $18.60 and a 200 day moving average price of $17.92. The stock has a market capitalization of $32.05 billion, a PE ratio of 13.47 and a beta of 1.90.
HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. HP had a negative return on equity of 68.86% and a net margin of 4.94%. The firm had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.93 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. HP’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that HP Inc. will post $1.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be issued a $0.1327 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.79%. HP’s dividend payout ratio (DPR) is 37.32%.
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A number of research analysts have issued reports on the company. BidaskClub downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Royal Bank Of Canada raised HP from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $21.00 to $22.00 in a report on Thursday, July 20th. Jefferies Group LLC boosted their price target on HP from $18.00 to $18.75 and gave the company a “hold” rating in a report on Tuesday, July 18th. Susquehanna Bancshares Inc assumed coverage on HP in a report on Thursday, July 13th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, July 12th. Nine analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.89.
In other news, Director Margaret C. Whitman sold 295,952 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $18.02, for a total value of $5,333,055.04. Following the completion of the transaction, the director now directly owns 618,865 shares of the company’s stock, valued at $11,151,947.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret C. Whitman sold 443,920 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $19.32, for a total value of $8,576,534.40. Following the completion of the transaction, the director now directly owns 692,849 shares of the company’s stock, valued at $13,385,842.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,748,815 shares of company stock valued at $32,623,560. Insiders own 0.62% of the company’s stock.
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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