Invictus RG Buys 14,204 Shares of HP Inc (HPQ)
Invictus RG raised its stake in shares of HP Inc (NYSE:HPQ) by 114.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,609 shares of the computer maker’s stock after buying an additional 14,204 shares during the quarter. Invictus RG’s holdings in HP were worth $531,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in HPQ. Boston Partners raised its stake in shares of HP by 304.9% in the second quarter. Boston Partners now owns 26,117,561 shares of the computer maker’s stock worth $456,535,000 after purchasing an additional 19,667,780 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in HP by 87.1% during the second quarter. Parametric Portfolio Associates LLC now owns 7,213,170 shares of the computer maker’s stock valued at $126,086,000 after purchasing an additional 3,358,299 shares during the period. Miller Howard Investments Inc. NY bought a new stake in HP during the third quarter valued at about $63,140,000. Wells Fargo & Company MN grew its holdings in HP by 26.3% during the second quarter. Wells Fargo & Company MN now owns 14,487,057 shares of the computer maker’s stock valued at $253,233,000 after purchasing an additional 3,017,182 shares during the period. Finally, Prudential Financial Inc. grew its holdings in HP by 35.0% during the second quarter. Prudential Financial Inc. now owns 11,456,195 shares of the computer maker’s stock valued at $200,254,000 after purchasing an additional 2,970,120 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.
In other HP news, COO Jon E. Flaxman sold 271,968 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $21.34, for a total value of $5,803,797.12. Following the completion of the transaction, the chief operating officer now owns 243,096 shares in the company, valued at $5,187,668.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marie Myers sold 10,025 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $195,487.50. Following the completion of the transaction, the insider now owns 10,025 shares of the company’s stock, valued at approximately $195,487.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,114,153 shares of company stock valued at $43,483,119. Insiders own 0.62% of the company’s stock.
Shares of HP Inc (HPQ) traded down $0.33 during midday trading on Tuesday, reaching $21.08. The company’s stock had a trading volume of 12,975,500 shares, compared to its average volume of 10,994,741. The stock has a market capitalization of $35,760.14, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 2.27 and a beta of 1.81. The company has a current ratio of 1.00, a quick ratio of 0.74 and a debt-to-equity ratio of -1.98. HP Inc has a 52 week low of $14.40 and a 52 week high of $22.68.
HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.36 billion. HP had a negative return on equity of 70.25% and a net margin of 4.85%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 earnings per share. analysts predict that HP Inc will post 1.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a $0.1393 dividend. This is an increase from HP’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, December 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.64%. HP’s payout ratio is 35.57%.
A number of research firms have recently weighed in on HPQ. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $20.00 price objective on shares of HP in a research note on Friday, August 25th. Jefferies Group reiterated a “hold” rating and issued a $20.00 target price (up from $19.00) on shares of HP in a research report on Tuesday, September 5th. Maxim Group reiterated a “hold” rating and issued a $25.00 target price on shares of HP in a research report on Wednesday, November 22nd. Wells Fargo & Company began coverage on HP in a research report on Tuesday, November 14th. They set a “market perform” rating and a $21.00 price objective on the stock. Finally, Bank of America upped their price objective on HP from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Eleven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $21.31.
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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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