Hudson Capital Management LLC Buys Shares of 60,159 HP Inc (HPQ)
Hudson Capital Management LLC bought a new stake in shares of HP Inc (NYSE:HPQ) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 60,159 shares of the computer maker’s stock, valued at approximately $1,264,000.
Other large investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its holdings in HP by 3.2% during 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 in the last quarter. Evercore Wealth Management LLC increased its holdings in HP by 14.0% during the 2nd quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after acquiring an additional 836 shares in the last quarter. D.A. Davidson & CO. increased its holdings in 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 in the last quarter. Advisory Services Network LLC increased its holdings in HP by 9.8% during the 2nd quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock valued at $161,000 after acquiring an additional 824 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA grew its holdings in shares of HP by 188.3% during the third quarter. San Francisco Sentry Investment Group CA now owns 8,057 shares of the computer maker’s stock worth $161,000 after buying an additional 5,262 shares in the last quarter. Hedge funds and other institutional investors own 80.84% of the company’s stock.
HPQ has been the subject of a number of recent research reports. Barclays downgraded shares of HP from an “overweight” rating to an “equal weight” rating and set a $23.00 price target for the company. in a report on Wednesday, January 17th. Loop Capital lifted their price target on shares of HP from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Deutsche Bank reiterated a “buy” rating and set a $25.00 price target on shares of HP in a report on Wednesday, November 22nd. Finally, Maxim Group reiterated a “hold” rating and set a $25.00 price target on shares of HP in a report on Friday, October 27th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.84.
HP (NYSE:HPQ) last released its earnings results on Tuesday, November 21st. The computer maker reported $0.44 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The business had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.36 billion. During the same period last year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. research analysts expect that HP Inc will post 1.81 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were given a $0.1393 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.34%. HP’s dividend payout ratio (DPR) is currently 37.84%.
In related news, insider Enrique Lores sold 302,893 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.31, for a total value of $7,060,435.83. Following the sale, the insider now directly owns 88,901 shares of the company’s stock, valued at $2,072,282.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dion J. Weisler sold 80,102 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $21.47, for a total transaction of $1,719,789.94. Following the completion of the sale, the insider now directly owns 339,497 shares in the company, valued at $7,289,000.59. The disclosure for this sale can be found here. Insiders sold 1,550,570 shares of company stock worth $33,702,662 over the last three months. Corporate insiders own 0.62% of the company’s stock.
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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