Cornerstone Capital Management Holdings LLC. raised its holdings in HP Inc (NYSE:HPQ) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,544,776 shares of the computer maker’s stock after purchasing an additional 204,963 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.09% of HP worth $32,455,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in HPQ. Advisors Preferred LLC lifted its holdings in shares of HP by 1,153.0% in the fourth quarter. Advisors Preferred LLC now owns 4,774 shares of the computer maker’s stock valued at $100,000 after purchasing an additional 4,393 shares in the last quarter. Sandy Spring Bank lifted its stake in shares of HP by 439.8% during the fourth quarter. Sandy Spring Bank now owns 5,236 shares of the computer maker’s stock valued at $110,000 after buying an additional 4,266 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of HP during the fourth quarter valued at approximately $111,000. Virtue Capital Management LLC purchased a new position in shares of HP during the fourth quarter valued at approximately $117,000. Finally, Valeo Financial Advisors LLC lifted its stake in shares of HP by 159.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,534 shares of the computer maker’s stock valued at $137,000 after buying an additional 4,011 shares during the period. 80.59% of the stock is currently owned by institutional investors.
In other news, Director Shumeet Banerji sold 35,686 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $21.50, for a total value of $767,249.00. Following the completion of the sale, the director now owns 28,000 shares of the company’s stock, valued at $602,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marie Myers sold 10,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $21.20, for a total transaction of $212,000.00. The disclosure for this sale can be found here. Insiders have sold 591,385 shares of company stock valued at $13,289,138 in the last ninety days. 0.25% of the stock is currently owned by company insiders.
HP Inc (NYSE HPQ) opened at $23.62 on Wednesday. HP Inc has a 52-week low of $17.03 and a 52-week high of $24.75. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.67 and a current ratio of 0.91. The company has a market cap of $39,113.94, a P/E ratio of 13.62, a P/E/G ratio of 2.07 and a beta of 1.69.
HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 22nd. The computer maker reported $0.48 EPS for the quarter, topping the 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 firm had revenue of $14.52 billion during the quarter, compared to analyst estimates of $13.47 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. HP’s revenue for the quarter was up 14.5% compared to the same quarter last year. equities research analysts expect that HP Inc will post 1.93 EPS 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 dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, March 13th. HP’s dividend payout ratio (DPR) is 24.45%.
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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