41,001 Shares in HP Inc. (HPQ) Purchased by Grandview Asset Management LLC
Grandview Asset Management LLC acquired a new stake in HP Inc. (NYSE:HPQ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,001 shares of the computer maker’s stock, valued at approximately $839,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. purchased a new stake in shares of HP during the fourth quarter worth approximately $31,000. Legacy Bridge LLC purchased a new stake in shares of HP during the fourth quarter worth approximately $39,000. FNY Investment Advisers LLC increased its position in shares of HP by 438.3% during the fourth quarter. FNY Investment Advisers LLC now owns 2,137 shares of the computer maker’s stock worth $43,000 after purchasing an additional 1,740 shares in the last quarter. Clean Yield Group purchased a new stake in shares of HP during the fourth quarter worth approximately $45,000. Finally, Csenge Advisory Group purchased a new stake in shares of HP during the third quarter worth approximately $60,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.
In other news, insider Alex Cho sold 3,879 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $23.68, for a total value of $91,854.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kim M. Rivera sold 46,072 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $24.14, for a total value of $1,112,178.08. Following the completion of the transaction, the insider now directly owns 15,241 shares in the company, valued at approximately $367,917.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 194,859 shares of company stock valued at $4,515,614. 0.25% of the stock is owned by company insiders.
Shares of NYSE:HPQ opened at $22.92 on Monday. The firm has a market capitalization of $35.61 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 2.22 and a beta of 1.43. HP Inc. has a 52-week low of $19.22 and a 52-week high of $27.08.
HP (NYSE:HPQ) last issued its earnings results on Thursday, November 29th. The computer maker reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The company had revenue of $15.37 billion during the quarter, compared to analysts’ expectations of $15.13 billion. HP had a negative return on equity of 188.62% and a net margin of 9.11%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. As a group, equities research analysts anticipate that HP Inc. will post 2.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th will be issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a yield of 2.80%. The ex-dividend date is Tuesday, March 12th. HP’s payout ratio is currently 31.68%.
ILLEGAL ACTIVITY WARNING: This story was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://theolympiareport.com/2019/02/11/41001-shares-in-hp-inc-hpq-purchased-by-grandview-asset-management-llc.html.
HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.
Featured Article: Are 12b-1 Fees Affecting Your Mutual Fund Performance?
Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ).
Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.com's FREE daily email newsletter.