Ballentine Companions LLC lifted its holdings in HP Inc. (NYSE:HPQ – Free Report) by 2.4% within the 2nd quarter, based on the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 50,758 shares of the pc maker’s inventory after buying an extra 1,198 shares in the course of the quarter. Ballentine Companions LLC’s holdings in HP have been price $1,778,000 as of its most up-to-date submitting with the SEC.
A lot of different massive traders additionally lately modified their holdings of the enterprise. Triad Wealth Companions LLC acquired a brand new place in HP in the course of the 2nd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a brand new place in shares of HP within the second quarter valued at roughly $34,000. Sawyer & Firm Inc elevated its stake in shares of HP by 900.0% in the course of the first quarter. Sawyer & Firm Inc now owns 1,000 shares of the pc maker’s inventory valued at $30,000 after buying an extra 900 shares in the course of the interval. Rise Advisors LLC raised its holdings in HP by 377.9% in the course of the first quarter. Rise Advisors LLC now owns 1,061 shares of the pc maker’s inventory price $32,000 after buying an extra 839 shares within the final quarter. Lastly, Hantz Monetary Companies Inc. acquired a brand new stake in HP within the second quarter price roughly $48,000. 77.53% of the inventory is owned by institutional traders and hedge funds.
Insider Exercise
In associated information, insider Alex Cho offered 173,137 shares of the enterprise’s inventory in a transaction that occurred on Friday, June twenty first. The inventory was offered at a mean worth of $36.11, for a complete worth of $6,251,977.07. Following the completion of the sale, the insider now immediately owns 64,676 shares within the firm, valued at roughly $2,335,450.36. The transaction was disclosed in a submitting with the SEC, which might be accessed via the SEC web site. 0.41% of the inventory is at present owned by insiders.
HP Inventory Efficiency
NYSE:HPQ opened at $33.82 on Monday. The corporate has a market capitalization of $32.59 billion, a P/E ratio of 11.43, a P/E/G ratio of two.26 and a beta of 1.07. The inventory’s 50 day transferring common worth is $35.43 and its 200 day transferring common worth is $32.71. HP Inc. has a 52 week low of $25.22 and a 52 week excessive of $39.52.
HP (NYSE:HPQ – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, August twenty eighth. The pc maker reported $0.83 EPS for the quarter, lacking the consensus estimate of $0.86 by ($0.03). HP had a unfavourable return on fairness of 266.37% and a web margin of 5.33%. The enterprise had income of $13.52 billion for the quarter, in comparison with analyst estimates of $13.37 billion. Throughout the identical quarter final yr, the corporate earned $0.86 EPS. The enterprise’s income for the quarter was up 2.4% in comparison with the identical quarter final yr. As a bunch, sell-side analysts forecast that HP Inc. will submit 3.39 earnings per share for the present fiscal yr.
HP declared that its board has approved a share buyback program on Wednesday, August twenty eighth that allows the corporate to buyback $10.00 billion in shares. This buyback authorization permits the pc maker to purchase as much as 28.9% of its shares via open market purchases. Shares buyback packages are usually a sign that the corporate’s board of administrators believes its shares are undervalued.
HP Dividend Announcement
The enterprise additionally lately declared a quarterly dividend, which will probably be paid on Wednesday, October 2nd. Stockholders of document on Wednesday, September eleventh will probably be paid a dividend of $0.2756 per share. The ex-dividend date of this dividend is Wednesday, September eleventh. This represents a $1.10 annualized dividend and a dividend yield of three.26%. HP’s dividend payout ratio (DPR) is presently 37.16%.
Analyst Upgrades and Downgrades
A lot of analysis companies have lately commented on HPQ. UBS Group boosted their worth goal on HP from $34.00 to $37.00 and gave the inventory a “impartial” ranking in a analysis be aware on Thursday, August twenty ninth. JPMorgan Chase & Co. upped their worth goal on shares of HP from $38.00 to $42.00 and gave the corporate an “obese” ranking in a report on Friday, August twenty third. Morgan Stanley lowered their worth goal on shares of HP from $37.00 to $36.00 and set an “equal weight” ranking for the corporate in a analysis report on Thursday, August twenty ninth. Barclays dropped their goal worth on shares of HP from $33.00 to $32.00 and set an “equal weight” ranking on the inventory in a report on Thursday, August twenty ninth. Lastly, Wells Fargo & Firm raised their goal worth on shares of HP from $25.00 to $30.00 and gave the inventory an “underweight” ranking in a report on Thursday, Might thirtieth. One funding analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and 7 have assigned a purchase ranking to the corporate’s inventory. In accordance with knowledge from MarketBeat, the corporate has a consensus ranking of “Maintain” and a consensus goal worth of $35.55.
Examine Out Our Newest Inventory Evaluation on HP
HP Profile
HP Inc gives merchandise, applied sciences, software program, options, and companies to particular person customers, small- and medium-sized companies, and enormous enterprises, together with prospects within the authorities, well being, and training sectors worldwide. It operates via Private Methods and Printing segments. The Private Methods section provides business private computer systems (PCs), client PCs, workstations, skinny purchasers, business tablets and mobility gadgets, retail point-of-sale programs, shows and different associated equipment, software program, assist, and companies for the business and client markets.
Additional Studying
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