Pioneer Investment Management Inc. boosted its position in shares of HP Inc. (NYSE:HPQ) by 41.5% during the second quarter, Holdings Channel reports. The fund owned 1,378,380 shares of the computer maker’s stock after buying an additional 404,040 shares during the period. Pioneer Investment Management Inc.’s holdings in HP were worth $24,094,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of HPQ. American Beacon Advisors Inc. purchased a new stake in HP during the first quarter worth approximately $112,000. CWM LLC boosted its stake in HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after buying an additional 675 shares during the last quarter. First Command Bank boosted its stake in HP by 80.0% in the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock worth $118,000 after buying an additional 2,984 shares during the last quarter. Finally, TrimTabs Asset Management LLC boosted its stake in HP by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock worth $124,000 after buying an additional 3,264 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.
HP Inc. (HPQ) opened at 19.32 on Thursday. HP Inc. has a 1-year low of $13.55 and a 1-year high of $19.58. The stock has a market capitalization of $32.52 billion, a PE ratio of 13.66 and a beta of 1.90. The company’s 50-day moving average is $18.47 and its 200 day moving average is $17.78.
HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 24th. The computer maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $12.40 billion during the quarter, compared to analysts’ expectations of $11.93 billion. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Equities analysts predict that HP Inc. will post $1.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, September 12th. HP’s dividend payout ratio is presently 37.32%.
A number of equities research analysts have recently commented on HPQ shares. Citigroup Inc. upgraded shares of HP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, April 25th. Credit Suisse Group reiterated a “buy” rating and set a $19.00 price target on shares of HP in a report on Tuesday, May 23rd. UBS AG reiterated a “buy” rating and set a $22.00 price target (up previously from $20.00) on shares of HP in a report on Thursday, May 25th. Finally, Bank of America Corporation increased their price target on shares of HP from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.89.
In other HP news, insider Marie Myers sold 12,119 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total transaction of $218,990.33. Following the completion of the transaction, the insider now directly owns 5,621 shares in the company, valued at $101,571.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret C. Whitman sold 73,992 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $17.72, for a total transaction of $1,311,138.24. Following the transaction, the director now owns 544,881 shares of the company’s stock, valued at $9,655,291.32. The disclosure for this sale can be found here. Insiders have sold 1,748,815 shares of company stock valued at $32,623,560 over the last 90 days. 0.62% of the stock is currently owned by company insiders.
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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