HP Inc. (HPQ) Shares Bought by Accident Compensation Corp

Accident Compensation Corp boosted its position in shares of HP Inc. (NYSE:HPQ) by 30.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,450 shares of the computer maker’s stock after buying an additional 40,000 shares during the period. Accident Compensation Corp’s holdings in HP were worth $3,066,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. CWM LLC raised its position 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. YorkBridge Wealth Partners LLC raised its position in shares of HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock worth $118,000 after buying an additional 675 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of HP by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 6,936 shares of the computer maker’s stock worth $124,000 after buying an additional 3,264 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of HP by 24.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 7,452 shares of the computer maker’s stock worth $133,000 after buying an additional 1,488 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of HP by 1,384.4% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 144,429 shares of the computer maker’s stock worth $144,000 after buying an additional 134,699 shares during the last quarter. 80.37% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

Shares of HP Inc. (HPQ) traded down 0.45% during mid-day trading on Thursday, hitting $17.63. The company had a trading volume of 1,680,149 shares. HP Inc. has a one year low of $11.48 and a one year high of $19.58. The firm’s 50-day moving average price is $18.61 and its 200 day moving average price is $16.99. The company has a market capitalization of $29.68 billion, a P/E ratio of 12.47 and a beta of 1.76.

HP (NYSE:HPQ) last posted its quarterly earnings data 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. HP had a net margin of 4.94% and a negative return on equity of 68.86%. The company had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $11.93 billion. During the same period in the prior year, the business posted $0.41 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that HP Inc. will post $1.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.1327 per share. The ex-dividend date is Monday, June 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.00%. HP’s dividend payout ratio is 37.32%.

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A number of equities analysts have issued reports on HPQ shares. BMO Capital Markets increased their price target on HP to $17.00 in a research note on Thursday, February 23rd. Argus reaffirmed a “buy” rating and set a $22.00 price target (up from $19.00) on shares of HP in a research note on Monday, February 27th. FBN Securities raised HP from a “sector perform” rating to a “buy” rating and increased their price target for the company from $15.00 to $19.00 in a research note on Thursday, February 23rd. Citigroup Inc. raised HP from a “neutral” rating to a “buy” rating and increased their price target for the company from $17.54 to $20.00 in a research note on Wednesday, April 12th. Finally, Zacks Investment Research raised HP from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, April 25th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.08.

In other news, insider Ron Coughlin sold 10,000 shares of the stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $18.14, for a total transaction of $181,400.00. Following the completion of the transaction, the insider now directly owns 61,745 shares in the company, valued at approximately $1,120,054.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Margaret C. Whitman sold 73,992 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $17.72, for a total transaction of $1,311,138.24. Following the transaction, the director now owns 544,881 shares of the company’s stock, valued at $9,655,291.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,089,151 shares of company stock valued at $19,453,274. Company insiders own 0.62% of the company’s stock.

About HP

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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