CSat Investment Advisory L.P. Purchases 24,659 Shares of HP Inc. (NYSE:HPQ)

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CSat Investment Advisory L.P. raised its position in shares of HP Inc. (NYSE:HPQ) by 82.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,544 shares of the computer maker’s stock after acquiring an additional 24,659 shares during the period. CSat Investment Advisory L.P.’s holdings in HP were worth $1,134,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Icon Wealth Partners LLC bought a new stake in shares of HP during the first quarter worth approximately $27,000. Rational Advisors LLC boosted its holdings in shares of HP by 1,557.8% during the first quarter. Rational Advisors LLC now owns 1,923 shares of the computer maker’s stock worth $37,000 after acquiring an additional 1,807 shares during the period. Coastal Capital Group Inc. bought a new stake in shares of HP during the second quarter worth approximately $39,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of HP during the second quarter worth approximately $41,000. Finally, Berman Capital Advisors LLC boosted its holdings in shares of HP by 378.6% during the second quarter. Berman Capital Advisors LLC now owns 2,034 shares of the computer maker’s stock worth $42,000 after acquiring an additional 1,609 shares during the period. Institutional investors own 79.72% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. set a $19.00 price objective on HP and gave the stock a “hold” rating in a report on Friday, August 23rd. Evercore ISI assumed coverage on shares of HP in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $23.00 price target for the company. Loop Capital set a $21.00 price target on shares of HP and gave the company a “buy” rating in a research report on Friday, August 23rd. Citigroup set a $20.00 price target on shares of HP and gave the company a “hold” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Co upgraded shares of HP to a “market perform” rating and dropped their price target for the company from $23.00 to $20.00 in a research report on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.76.

HPQ traded down $0.28 during trading on Friday, hitting $18.47. 13,398,245 shares of the stock traded hands, compared to its average volume of 10,811,370. HP Inc. has a twelve month low of $17.10 and a twelve month high of $27.08. The company has a market cap of $27.73 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 2.64 and a beta of 1.43. The business has a 50 day moving average price of $18.90 and a 200 day moving average price of $19.74.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, August 22nd. The computer maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. HP had a net margin of 7.18% and a negative return on equity of 265.02%. The business had revenue of $14.60 billion during the quarter, compared to the consensus estimate of $14.58 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, analysts forecast that HP Inc. will post 2.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 annualized dividend and a yield of 3.47%. HP’s dividend payout ratio is currently 31.68%.

In other HP news, CEO Dion J. Weisler sold 132,964 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $20.95, for a total transaction of $2,785,595.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dion J. Weisler sold 437,171 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $18.01, for a total transaction of $7,873,449.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 586,987 shares of company stock valued at $11,009,736. Company insiders own 0.25% of the company’s stock.

HP 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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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