HP Inc. (HPQ) Position Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in HP Inc. (NYSE:HPQ) by 30.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,479 shares of the computer maker’s stock after selling 27,570 shares during the period. Gamco Investors INC. ET AL’s holdings in HP were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. lifted its stake in HP by 19.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after acquiring an additional 1,013 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in HP by 3.2% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after acquiring an additional 200 shares during the period. Evercore Wealth Management LLC lifted its stake in HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after acquiring an additional 836 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in HP by 15.4% during 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 acquiring an additional 996 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in HP by 1.1% during the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after acquiring an additional 85 shares during the period. Institutional investors own 79.63% of the company’s stock.

Shares of HP Inc. (NYSE:HPQ) opened at $21.17 on Tuesday. HP Inc. has a 1-year low of $14.40 and a 1-year high of $22.31. The stock has a market cap of $35,459.49, a price-to-earnings ratio of 13.52, a PEG ratio of 3.15 and a beta of 1.85. The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of -1.55.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The business had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities research analysts forecast that HP Inc. will post 1.65 EPS for the current fiscal year.

In other news, insider Tracy S. Keogh sold 265,600 shares of the company’s stock in a transaction 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 sale, the insider now owns 165,952 shares of the company’s stock, valued at $3,302,444.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kim M. Rivera sold 41,761 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $21.28, for a total transaction of $888,674.08. Following the transaction, the insider now directly owns 84,799 shares in the company, valued at approximately $1,804,522.72. The disclosure for this sale can be found here. Insiders have sold 1,853,937 shares of company stock valued at $37,905,548 in the last ninety days. Insiders own 0.62% of the company’s stock.

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Several analysts have commented on the stock. BidaskClub cut shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $14.00 price objective on shares of HP in a research note on Thursday, August 24th. J P Morgan Chase & Co restated a “neutral” rating and set a $19.50 price objective on shares of HP in a research note on Thursday, August 24th. Royal Bank Of Canada restated a “buy” rating and set a $22.00 price objective on shares of HP in a research note on Thursday, August 24th. Finally, FBN Securities restated an “outperform” rating and set a $25.00 price objective (up from $23.00) on shares of HP in a research note on Thursday, August 24th. Nine equities research 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 company. HP has a consensus rating of “Buy” and an average price target of $21.57.

HP 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.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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