HP Inc (HPQ) Position Maintained by Wendell David Associates Inc.
Wendell David Associates Inc. maintained its stake in shares of HP Inc (NYSE:HPQ) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,700 shares of the computer maker’s stock at the end of the first quarter. Wendell David Associates Inc.’s holdings in HP were worth $495,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. APG Asset Management N.V. boosted its position in HP by 26.3% in the third quarter. APG Asset Management N.V. now owns 7,092,434 shares of the computer maker’s stock valued at $110,146,000 after buying an additional 1,478,333 shares in the last quarter. Wells Fargo & Company MN boosted its position in HP by 28.8% in the third quarter. Wells Fargo & Company MN now owns 11,681,887 shares of the computer maker’s stock valued at $181,420,000 after buying an additional 2,614,757 shares in the last quarter. Dodge & Cox purchased a new position in HP during the fourth quarter valued at about $2,073,164,000. Becker Capital Management Inc. boosted its position in HP by 1.7% in the third quarter. Becker Capital Management Inc. now owns 1,705,212 shares of the computer maker’s stock valued at $26,482,000 after buying an additional 28,240 shares in the last quarter. Finally, Cantab Capital Partners LLP boosted its position in HP by 24.1% in the fourth quarter. Cantab Capital Partners LLP now owns 124,681 shares of the computer maker’s stock valued at $1,850,000 after buying an additional 24,218 shares in the last quarter. Institutional investors own 78.94% of the company’s stock.
Shares of HP Inc (NYSE:HPQ) traded down 0.81% on Friday, hitting $18.37. The stock had a trading volume of 4,110,123 shares. The company has a 50-day moving average of $17.57 and a 200 day moving average of $15.86. The company has a market capitalization of $31.11 billion, a price-to-earnings ratio of 12.53 and a beta of 1.52. HP Inc has a 52 week low of $11.31 and a 52 week high of $18.61.
HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 22nd. The computer maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. HP had a negative return on equity of 63.67% and a net margin of 5.17%. The business earned $12.68 billion during the quarter, compared to analyst estimates of $11.82 billion. During the same period in the prior year, the company earned $0.36 earnings per share. HP’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that HP Inc will post $1.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 8th were issued a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, March 6th. HP’s dividend payout ratio (DPR) is 37.32%.
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Several equities analysts recently issued reports on HPQ shares. Guggenheim started coverage on HP in a report on Wednesday, January 4th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of HP in a report on Sunday, January 8th. Brean Capital reiterated a “buy” rating and issued a $20.00 price target on shares of HP in a report on Monday, January 23rd. Jefferies Group LLC decreased their price target on HP from $16.75 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, January 24th. Finally, Mizuho reiterated a “neutral” rating and issued a $14.00 price target on shares of HP in a report on Tuesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $18.13.
In other news, CFO Catherine A. Lesjak sold 120,000 shares of the firm’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $18.14, for a total value of $2,176,800.00. Following the completion of the transaction, the chief financial officer now directly owns 120,000 shares of the company’s stock, valued at $2,176,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Catherine A. Lesjak sold 719,775 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $17.60, for a total value of $12,668,040.00. Following the completion of the transaction, the chief financial officer now directly owns 599,775 shares of the company’s stock, valued at $10,556,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 963,357 shares of company stock valued at $17,005,974. 0.51% of the stock is owned by corporate insiders.
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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