Axa increased its position in HP Inc (NYSE:HPQ) by 101.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,404 shares of the computer maker’s stock after acquiring an additional 175,600 shares during the quarter. Axa’s holdings in HP were worth $7,320,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in HPQ. Advisors Preferred LLC boosted its stake in HP by 1,153.0% in the 4th quarter. Advisors Preferred LLC now owns 4,774 shares of the computer maker’s stock worth $100,000 after purchasing an additional 4,393 shares during the period. Sandy Spring Bank boosted its stake in HP by 439.8% in the 4th quarter. Sandy Spring Bank now owns 5,236 shares of the computer maker’s stock worth $110,000 after purchasing an additional 4,266 shares during the period. Pinnacle Wealth Planning Services Inc. bought a new position in HP in the 4th quarter worth approximately $111,000. Valeo Financial Advisors LLC boosted its stake in HP by 159.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,534 shares of the computer maker’s stock worth $137,000 after purchasing an additional 4,011 shares during the period. Finally, San Francisco Sentry Investment Group CA boosted its stake in HP by 188.3% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock worth $161,000 after purchasing an additional 5,262 shares during the period. 80.59% of the stock is owned by institutional investors.
HPQ has been the subject of several recent analyst reports. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, February 27th. Morgan Stanley restated a “hold” rating and issued a $14.00 price target on shares of HP in a research note on Wednesday, November 22nd. Mizuho downgraded HP from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Thursday, February 1st. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of HP in a research note on Monday, January 22nd. Finally, Deutsche Bank restated a “buy” rating and issued a $25.00 price target on shares of HP in a research note on Wednesday, November 22nd. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.94.
HP Inc (HPQ) opened at $23.62 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of -2.31. The company has a market capitalization of $38,860.00, a P/E ratio of 14.49, a PEG ratio of 2.14 and a beta of 1.68. HP Inc has a 52-week low of $17.03 and a 52-week high of $24.75.
HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 22nd. The computer maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $14.52 billion during the quarter, compared to the consensus estimate of $13.47 billion. HP had a negative return on equity of 82.30% and a net margin of 7.15%. HP’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. sell-side analysts predict that HP Inc will post 1.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be given a $0.1393 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.36%. HP’s dividend payout ratio is presently 34.36%.
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.
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc (NYSE:HPQ).
Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.