Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. maintained its stake in shares of HP Inc (NYSE:HPQ) during the first quarter, Holdings Channel reports. The institutional investor owned 15,300 shares of the computer maker’s stock at the end of the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in HP were worth $274,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of HPQ. CWM LLC increased its stake in shares of HP by 0.3% in the first quarter. CWM LLC now owns 6,419 shares of the computer maker’s stock worth $115,000 after buying an additional 20 shares during the last quarter. ELM Advisors LLC raised its position in shares of HP by 0.5% in the first quarter. ELM Advisors LLC now owns 14,318 shares of the computer maker’s stock valued at $256,000 after buying an additional 65 shares during the period. Savant Capital LLC raised its position in shares of HP by 0.3% in the first quarter. Savant Capital LLC now owns 24,276 shares of the computer maker’s stock valued at $434,000 after buying an additional 80 shares during the period. Destination Wealth Management raised its position in shares of HP by 0.5% in the first quarter. Destination Wealth Management now owns 15,603 shares of the computer maker’s stock valued at $279,000 after buying an additional 83 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of HP by 0.4% in the first quarter. Quadrant Capital Group LLC now owns 29,540 shares of the computer maker’s stock valued at $520,000 after buying an additional 116 shares during the period. 78.94% of the stock is owned by institutional investors.
HP Inc (NYSE:HPQ) traded down 0.38% during mid-day trading on Wednesday, reaching $18.19. The company’s stock had a trading volume of 7,115,708 shares. The firm’s 50 day moving average is $18.85 and its 200-day moving average is $16.82. The stock has a market cap of $30.70 billion, a P/E ratio of 12.86 and a beta of 1.52. HP Inc has a one year low of $11.48 and a one year high of $19.58.
HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 24th. The computer maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $12.40 billion for the quarter, compared to analyst estimates of $11.93 billion. HP had a net margin of 5.17% and a negative return on equity of 63.67%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities analysts expect that HP Inc will post $1.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.1327 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Monday, June 12th. HP’s dividend payout ratio (DPR) is presently 37.32%.
Several equities analysts have weighed in on the company. Vetr lowered HP from a “buy” rating to a “hold” rating and set a $19.72 price objective for the company. in a report on Monday. FBN Securities reissued an “outperform” rating and set a $23.00 price objective (up from $19.00) on shares of HP in a report on Sunday, May 28th. Stifel Nicolaus reissued a “hold” rating and set a $14.00 price objective on shares of HP in a report on Friday, May 26th. Jefferies Group LLC increased their price objective on HP from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, May 25th. Finally, Bank of America Corp increased their price objective on HP from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.08.
In other news, COO Jon E. Flaxman sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $18.26, for a total transaction of $639,100.00. Following the transaction, the chief operating officer now directly owns 62,203 shares of the company’s stock, valued at $1,135,826.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Catherine A. Lesjak sold 719,775 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $17.60, for a total transaction of $12,668,040.00. Following the transaction, the chief financial officer now directly owns 599,775 shares in the company, valued at $10,556,040. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,015,159 shares of company stock worth $18,142,136. Corporate insiders own 0.51% of the company’s stock.
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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