Cambridge Investment Research Advisors Inc. raised its position in shares of HP Inc. (NYSE:HPQ) by 20.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,795 shares of the computer maker’s stock after purchasing an additional 49,713 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in HP were worth $5,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of HP by 1.6% in the second quarter. Vanguard Group Inc. now owns 123,633,569 shares of the computer maker’s stock worth $2,161,114,000 after buying an additional 1,945,965 shares during the period. BlackRock Inc. increased its holdings in shares of HP by 2.5% in the second quarter. BlackRock Inc. now owns 108,599,783 shares of the computer maker’s stock worth $1,898,325,000 after buying an additional 2,608,983 shares during the period. Boston Partners increased its holdings in shares of HP by 45.9% in the third quarter. Boston Partners now owns 38,111,672 shares of the computer maker’s stock worth $760,709,000 after buying an additional 11,994,111 shares during the period. Wells Fargo & Company MN increased its holdings in shares of HP by 26.3% in the second quarter. Wells Fargo & Company MN now owns 14,487,057 shares of the computer maker’s stock worth $253,233,000 after buying an additional 3,017,182 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of HP by 35.0% in the second quarter. Prudential Financial Inc. now owns 11,456,195 shares of the computer maker’s stock worth $200,254,000 after buying an additional 2,970,120 shares during the period. Institutional investors and hedge funds own 79.63% of the company’s stock.

Several research firms have recently commented on HPQ. BidaskClub downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Wells Fargo & Company began coverage on HP in a report on Tuesday. They issued a “market perform” rating and a $21.00 price objective on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price objective on shares of HP in a report on Thursday, August 24th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $19.50 price objective on shares of HP in a report on Thursday, August 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $22.00 price objective on shares of HP in a report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.57.

Shares of HP Inc. (NYSE HPQ) remained flat at $$21.36 during midday trading on Thursday. The company had a trading volume of 12,655,100 shares, compared to its average volume of 10,857,093. HP Inc. has a 1 year low of $14.40 and a 1 year high of $22.31. The company has a market capitalization of $35,676.63, a PE ratio of 13.60, a price-to-earnings-growth ratio of 3.17 and a beta of 1.85. The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of -1.55.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The company had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts anticipate that HP Inc. will post 1.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.1393 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from HP’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 2.61%. HP’s payout ratio is currently 38.41%.

In other news, insider Dion J. Weisler sold 731,502 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total transaction of $14,608,094.94. Following the completion of the sale, the insider now owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Marie Myers sold 11,752 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $19.25, for a total transaction of $226,226.00. Following the sale, the insider now directly owns 11,752 shares of the company’s stock, valued at approximately $226,226. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,853,937 shares of company stock valued at $37,905,548. Company insiders own 0.62% of the company’s stock.

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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.

Institutional Ownership by Quarter for HP (NYSE:HPQ)

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