Teachers Retirement System of The State of Kentucky trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 4.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 186,637 shares of the computer maker’s stock after selling 7,700 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in HP were worth $3,262,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of HP by 19.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock valued at $108,000 after acquiring an additional 1,013 shares during the period. American Beacon Advisors Inc. bought a new stake in shares of HP during the 1st quarter valued at $112,000. First Command Bank lifted its position in shares of HP by 80.0% during the 2nd quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after acquiring an additional 2,984 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of HP by 15.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,443 shares of the computer maker’s stock valued at $130,000 after acquiring an additional 996 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of HP by 1.1% during 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. Hedge funds and other institutional investors own 79.18% of the company’s stock.

Shares of HP Inc. (NYSE HPQ) opened at 19.96 on Friday. The firm has a market cap of $33.34 billion, a PE ratio of 14.51 and a beta of 1.93. HP Inc. has a 52 week low of $13.77 and a 52 week high of $20.11. The stock has a 50 day moving average price of $19.18 and a 200 day moving average price of $18.44.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The company had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. During the same quarter in the previous year, the company posted $0.48 EPS. HP’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts expect that HP Inc. will post $1.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 13th will be paid a $0.1327 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, September 12th. HP’s dividend payout ratio (DPR) is presently 38.41%.

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In other news, insider Tracy S. Keogh sold 265,600 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $19.90, for a total value of $5,285,440.00. Following the completion of the sale, the insider now owns 165,952 shares of the company’s stock, valued at approximately $3,302,444.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dion J. Weisler sold 731,502 shares of the business’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $19.97, for a total value of $14,608,094.94. Following the completion of the sale, the insider now directly owns 435,018 shares of the company’s stock, valued at approximately $8,687,309.46. The disclosure for this sale can be found here. In the last three months, insiders sold 2,530,169 shares of company stock valued at $48,902,046. 0.62% of the stock is currently owned by corporate insiders.

HPQ has been the subject of a number of recent analyst reports. Vetr downgraded HP from a “buy” rating to a “hold” rating and set a $19.72 target price for the company. in a research report on Monday, June 5th. ValuEngine upgraded HP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Susquehanna Bancshares Inc initiated coverage on HP in a research report on Thursday, July 13th. They set a “neutral” rating and a $20.00 target price for the company. Zacks Investment Research upgraded HP from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of HP in a research report on Thursday, August 24th. Ten equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. HP currently has an average rating of “Buy” and an average target price of $20.57.

HP 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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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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