Bank of Montreal Can lifted its holdings in shares of HP Inc (NYSE:HPQ) by 42.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,307,115 shares of the computer maker’s stock after acquiring an additional 684,208 shares during the period. Bank of Montreal Can owned 0.14% of HP worth $48,472,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Franklin Resources Inc. increased its position in HP by 5.1% during the second quarter. Franklin Resources Inc. now owns 126,534 shares of the computer maker’s stock worth $2,212,000 after buying an additional 6,158 shares during the period. Profund Advisors LLC increased its position in HP by 12.1% during the second quarter. Profund Advisors LLC now owns 53,027 shares of the computer maker’s stock worth $927,000 after buying an additional 5,708 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of HP by 641.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 467,751 shares of the computer maker’s stock valued at $8,176,000 after purchasing an additional 404,631 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after purchasing an additional 85 shares during the last quarter. Finally, TIAA FSB purchased a new position in shares of HP in the 2nd quarter valued at approximately $871,000. 81.08% of the stock is currently owned by institutional investors.
In other news, COO Jon E. Flaxman sold 271,968 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $21.34, for a total value of $5,803,797.12. Following the completion of the transaction, the chief operating officer now directly owns 243,096 shares of the company’s stock, valued at $5,187,668.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ron Coughlin sold 25,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $21.48, for a total value of $537,000.00. Following the completion of the transaction, the insider now directly owns 53,173 shares of the company’s stock, valued at $1,142,156.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 902,988 shares of company stock valued at $19,938,441. 0.62% of the stock is currently owned by insiders.
Several research analysts have weighed in on the company. Morgan Stanley downgraded HP from an “overweight” rating to an “equal weight” rating and set a $25.00 target price on the stock. in a research note on Tuesday, January 23rd. Loop Capital reiterated a “buy” rating and issued a $28.00 target price on shares of HP in a research note on Monday, January 22nd. Zacks Investment Research downgraded HP from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Citigroup lifted their target price on HP from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Mizuho downgraded HP from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research note on Thursday, February 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.83.
Shares of HP Inc (HPQ) traded up $0.31 during mid-day trading on Monday, reaching $20.41. The company had a trading volume of 12,510,000 shares, compared to its average volume of 9,360,000. The firm has a market capitalization of $33,580.00, a PE ratio of 13.79, a PEG ratio of 2.11 and a beta of 1.76. HP Inc has a 52-week low of $15.55 and a 52-week high of $24.10. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00.
HP (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. HP’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. sell-side analysts anticipate that HP Inc will post 1.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.1393 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.73%. HP’s dividend payout ratio is presently 37.84%.
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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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