California State Teachers Retirement System lessened its holdings in HP Inc (NYSE:HPQ) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,998,541 shares of the computer maker’s stock after selling 29,951 shares during the period. California State Teachers Retirement System owned approximately 0.18% of HP worth $62,999,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Premia Global Advisors LLC bought a new stake in HP in the fourth quarter worth $207,000. Ellington Management Group LLC bought a new stake in HP in the fourth quarter worth $933,000. Stone Ridge Asset Management LLC bought a new position in HP during the fourth quarter valued at $5,665,000. Virtue Capital Management LLC bought a new position in HP during the fourth quarter valued at $117,000. Finally, Legg Mason Asset Management Japan Co. Ltd. bought a new position in HP during the fourth quarter valued at $585,000. Institutional investors own 80.59% of the company’s stock.
In related news, insider Marie Myers sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $21.55, for a total value of $215,500.00. Following the completion of the sale, the insider now directly owns 21,966 shares of the company’s stock, valued at $473,367.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Enrique Lores sold 302,893 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.31, for a total transaction of $7,060,435.83. Following the completion of the sale, the insider now directly owns 88,901 shares of the company’s stock, valued at $2,072,282.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 591,385 shares of company stock valued at $13,289,138. 0.25% of the stock is owned by insiders.
HP Inc (HPQ) opened at $23.62 on Wednesday. HP Inc has a 1-year low of $17.03 and a 1-year high of $24.75. The company has a market cap of $38,860.00, a PE ratio of 14.49, a PEG ratio of 2.14 and a beta of 1.68. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of -2.31.
HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 22nd. The computer maker reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. HP had a net margin of 7.15% and a negative return on equity of 82.30%. The company had revenue of $14.52 billion during the quarter, compared to analyst estimates of $13.47 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. research analysts predict that HP Inc will post 1.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be paid a $0.1393 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s dividend payout ratio (DPR) is presently 34.36%.
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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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