Accident Compensation Corp Has $3.84 Million Position in HP Inc (HPQ)
Accident Compensation Corp boosted its holdings in HP Inc (NYSE:HPQ) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,450 shares of the computer maker’s stock after purchasing an additional 11,000 shares during the period. Accident Compensation Corp’s holdings in HP were worth $3,841,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its position in shares of HP by 1.1% in the 2nd quarter. D.A. Davidson & CO. now owns 7,580 shares of the computer maker’s stock valued at $132,000 after acquiring an additional 85 shares during the period. Savant Capital LLC grew its position in shares of HP by 0.7% in the 2nd quarter. Savant Capital LLC now owns 24,440 shares of the computer maker’s stock valued at $427,000 after acquiring an additional 164 shares during the period. National Asset Management Inc. grew its position in shares of HP by 1.4% in the 2nd quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock valued at $208,000 after acquiring an additional 165 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of HP by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock valued at $113,000 after acquiring an additional 200 shares during the period. Finally, Westside Investment Management Inc. grew its position in shares of HP by 0.8% in the 2nd quarter. Westside Investment Management Inc. now owns 32,457 shares of the computer maker’s stock valued at $580,000 after acquiring an additional 250 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.
In other HP news, CEO Dion J. Weisler sold 95,521 shares of HP stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.97, for a total value of $1,907,554.37. Following the completion of the sale, the chief executive officer now owns 435,018 shares in the company, valued at approximately $8,687,309.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marie Myers sold 10,025 shares of HP stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $19.75, for a total transaction of $197,993.75. Following the completion of the sale, the insider now owns 10,025 shares of the company’s stock, valued at approximately $197,993.75. The disclosure for this sale can be found here. Insiders sold a total of 2,139,153 shares of company stock valued at $44,020,119 in the last quarter. Corporate insiders own 0.62% of the company’s stock.
Shares of HP Inc (HPQ) traded down $0.01 during mid-day trading on Wednesday, hitting $21.07. 9,209,101 shares of the company traded hands, compared to its average volume of 10,987,110. The company has a market cap of $35,208.95, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.81. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of -1.98. HP Inc has a 1-year low of $14.40 and a 1-year high of $22.68.
HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.36 billion. HP had a net margin of 4.85% and a negative return on equity of 70.25%. HP’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. equities research analysts anticipate that HP Inc will post 1.79 earnings per share for the current fiscal year.
The firm also recently disclosed 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 a boost from HP’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.56 annualized dividend and a yield of 2.64%. HP’s payout ratio is 35.57%.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price objective on shares of HP in a research report on Thursday, August 24th. BMO Capital Markets lifted their price objective on shares of HP to $23.00 and gave the company a “positive” rating in a research report on Wednesday, November 22nd. Loop Capital reissued a “buy” rating and issued a $25.00 price objective on shares of HP in a research report on Wednesday, November 22nd. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $19.50 price objective on shares of HP in a research report on Thursday, August 24th. Twelve analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. HP presently has an average rating of “Buy” and an average target price 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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