Clean Yield Group increased its stake in HP Inc. (NYSE:HPQ) by 255.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,200 shares of the computer maker’s stock after acquiring an additional 2,300 shares during the period. Clean Yield Group’s holdings in HP were worth $61,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in HPQ. Rockland Trust Co. boosted its position in HP by 6.1% during the second quarter. Rockland Trust Co. now owns 198,341 shares of the computer maker’s stock valued at $4,124,000 after buying an additional 11,426 shares during the period. WINTON GROUP Ltd raised its stake in shares of HP by 81.2% during the second quarter. WINTON GROUP Ltd now owns 1,266,125 shares of the computer maker’s stock valued at $26,323,000 after acquiring an additional 567,269 shares during the last quarter. Empirical Finance LLC raised its stake in shares of HP by 1.1% during the second quarter. Empirical Finance LLC now owns 108,919 shares of the computer maker’s stock valued at $2,264,000 after acquiring an additional 1,236 shares during the last quarter. Sanders Morris Harris LLC bought a new position in shares of HP during the second quarter valued at about $479,000. Finally, DAVENPORT & Co LLC bought a new position in shares of HP during the second quarter valued at about $235,000. Institutional investors own 79.92% of the company’s stock.
In other news, insider Dion J. Weisler sold 437,171 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.01, for a total value of $7,873,449.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.
Shares of HPQ stock opened at $17.37 on Friday. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 3.48 and a beta of 1.42. HP Inc. has a one year low of $15.93 and a one year high of $25.72. The company’s fifty day moving average price is $17.69 and its 200-day moving average price is $19.31.
HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, August 22nd. The computer maker reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.58 billion. HP had a net margin of 7.18% and a negative return on equity of 265.02%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. As a group, equities analysts expect that HP Inc. will post 2.21 earnings per share for the current year.
HPQ has been the subject of a number of research reports. Barclays decreased their price target on shares of HP from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Loop Capital downgraded shares of HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $21.00 to $19.00 in a research note on Friday, October 4th. Sanford C. Bernstein downgraded shares of HP from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research note on Monday, September 9th. Morgan Stanley decreased their target price on shares of HP from $21.00 to $20.00 and set a “weight” rating for the company in a research note on Friday, October 4th. Finally, Citigroup set a $20.00 price target on shares of HP and gave the company a “hold” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. HP currently has an average rating of “Hold” and an average price target of $19.73.
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.
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