Clark Estates Inc. NY Has $3,260,000 Stake in HP Inc. (NYSE:HPQ)
Clark Estates Inc. NY maintained its position in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,500 shares of the computer maker’s stock at the end of the second quarter. Clark Estates Inc. NY’s holdings in HP were worth $3,260,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of HPQ. Foundry Partners LLC raised its position in shares of HP by 16.6% in the second quarter. Foundry Partners LLC now owns 722,755 shares of the computer maker’s stock worth $12,634,000 after buying an additional 102,800 shares during the period. Boston Partners raised its position 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 buying an additional 19,667,780 shares during the period. Wetherby Asset Management Inc. raised its position in shares of HP by 8.3% in the second quarter. Wetherby Asset Management Inc. now owns 36,491 shares of the computer maker’s stock worth $637,000 after buying an additional 2,789 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of HP during the second quarter worth approximately $779,000. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of HP by 5.3% in the second quarter. Morgan Dempsey Capital Management LLC now owns 329,683 shares of the computer maker’s stock worth $5,770,000 after buying an additional 16,687 shares during the period. Institutional investors own 78.97% of the company’s stock.
Shares of HP Inc. (NYSE HPQ) opened at 18.90 on Friday. HP Inc. has a 52-week low of $13.55 and a 52-week high of $19.58. The stock’s 50 day moving average is $18.50 and its 200 day moving average is $17.79. The company has a market capitalization of $31.82 billion, a P/E ratio of 13.37 and a beta of 1.90.
HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 24th. The computer maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.93 billion. HP had a net margin of 4.94% and a negative return on equity of 68.86%. HP’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Equities analysts expect that HP Inc. will post $1.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.1327 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 annualized dividend and a dividend yield of 2.81%. HP’s payout ratio is 37.32%.
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A number of brokerages have recently commented on HPQ. BidaskClub lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Royal Bank Of Canada upgraded shares of HP from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $21.00 to $22.00 in a report on Thursday, July 20th. Jefferies Group LLC lifted their price target on shares of HP from $18.00 to $18.75 and gave the stock a “hold” rating in a report on Tuesday, July 18th. Susquehanna Bancshares Inc began coverage on shares of HP in a report on Thursday, July 13th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, July 12th. Nine 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 stock. HP currently has an average rating of “Buy” and a consensus price target of $19.89.
In other HP news, Director Margaret C. Whitman sold 443,920 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $19.32, for a total transaction of $8,576,534.40. Following the completion of the sale, the director now directly owns 692,849 shares in the company, valued at approximately $13,385,842.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Marie Myers sold 12,119 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total transaction of $218,990.33. Following the sale, the insider now owns 5,621 shares of the company’s stock, valued at $101,571.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,748,815 shares of company stock valued at $32,623,560. 0.62% of the stock is owned by company insiders.
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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