Baldwin Brothers Inc. MA lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 281,304 shares of the computer maker’s stock after selling 30,880 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in HP were worth $5,755,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of HPQ. Ipswich Investment Management Co. Inc. acquired a new stake in HP during the 4th quarter worth $31,000. Legacy Bridge LLC acquired a new stake in HP during the 4th quarter worth $39,000. FNY Investment Advisers LLC raised its stake in HP by 438.3% during the 4th quarter. FNY Investment Advisers LLC now owns 2,137 shares of the computer maker’s stock worth $43,000 after buying an additional 1,740 shares during the period. Clean Yield Group acquired a new stake in HP during the 4th quarter worth $45,000. Finally, Csenge Advisory Group acquired a new stake in HP during the 3rd quarter worth $60,000. 80.08% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Alex Cho sold 28,774 shares of HP stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $22.30, for a total transaction of $641,660.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kim M. Rivera sold 46,072 shares of HP stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $24.14, for a total value of $1,112,178.08. Following the transaction, the insider now owns 15,241 shares of the company’s stock, valued at approximately $367,917.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 194,859 shares of company stock worth $4,515,614. 0.25% of the stock is owned by company insiders.
NYSE:HPQ opened at $22.80 on Wednesday. The stock has a market capitalization of $35.03 billion, a P/E ratio of 11.29, a P/E/G ratio of 2.16 and a beta of 1.43. HP Inc. has a 52-week low of $19.22 and a 52-week high of $27.08.
HP (NYSE:HPQ) last released its earnings results on Thursday, November 29th. The computer maker reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $15.37 billion for the quarter, compared to the consensus estimate of $15.13 billion. HP had a negative return on equity of 188.62% and a net margin of 9.11%. HP’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. Research analysts expect that HP Inc. will post 2.17 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be given a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Tuesday, March 12th. HP’s dividend payout ratio is currently 31.68%.
Several brokerages recently commented on HPQ. Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, October 9th. Wolfe Research began coverage on HP in a research note on Tuesday, December 11th. They issued an “outperform” rating on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 price target on shares of HP in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. set a $26.00 price target on HP and gave the company a “neutral” rating in a research note on Friday, November 30th. Finally, ValuEngine downgraded HP from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.16.
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HP Company 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.
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