HP Inc. (HPQ) Shares Sold by Alpha Quant Advisors LLC
Alpha Quant Advisors LLC cut its stake in HP Inc. (NYSE:HPQ) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,626 shares of the computer maker’s stock after selling 2,027 shares during the period. Alpha Quant Advisors LLC’s holdings in HP were worth $1,012,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of HPQ. Claybrook Capital LLC grew its holdings in shares of HP by 367.8% in the fourth quarter. Claybrook Capital LLC now owns 1,235 shares of the computer maker’s stock worth $25,000 after purchasing an additional 971 shares during the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of HP by 1,760.0% in the first quarter. Dubuque Bank & Trust Co. now owns 1,302 shares of the computer maker’s stock worth $25,000 after purchasing an additional 1,232 shares during the last quarter. Sontag Advisory LLC purchased a new stake in HP in the fourth quarter worth about $26,000. Gradient Investments LLC lifted its stake in HP by 331.6% in the first quarter. Gradient Investments LLC now owns 1,394 shares of the computer maker’s stock worth $27,000 after acquiring an additional 1,071 shares during the period. Finally, Athena Capital Advisors LLC purchased a new stake in HP in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 79.19% of the company’s stock.
A number of analysts recently weighed in on the stock. Bank of America lowered shares of HP from a “buy” rating to an “underperform” rating and set a $19.00 price objective for the company. in a research note on Thursday, February 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $22.00 price objective on shares of HP in a research note on Wednesday, February 27th. Zacks Investment Research raised shares of HP from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of HP from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Credit Suisse Group assumed coverage on shares of HP in a research note on Thursday, April 11th. They issued a “neutral” rating and a $21.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. HP has an average rating of “Hold” and an average target price of $25.71.
HPQ stock opened at $18.96 on Tuesday. The stock has a market cap of $29.17 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 3.15 and a beta of 1.38. HP Inc. has a one year low of $18.06 and a one year high of $27.08.
HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, February 27th. The computer maker reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $14.71 billion during the quarter, compared to analyst estimates of $14.81 billion. HP had a net margin of 7.15% and a negative return on equity of 216.97%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. As a group, equities research analysts predict that HP Inc. will post 2.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.1602 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, June 11th. HP’s payout ratio is 31.68%.
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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