SOL Capital Management CO trimmed its position in HP Inc. (NYSE:HPQ) by 1.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,916 shares of the computer maker’s stock after selling 750 shares during the quarter. SOL Capital Management CO’s holdings in HP were worth $755,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CKW Financial Group increased its stake in HP by 39.1% during the second quarter. CKW Financial Group now owns 6,050 shares of the computer maker’s stock worth $126,000 after acquiring an additional 1,700 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in HP by 22.7% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,735 shares of the computer maker’s stock worth $493,000 after acquiring an additional 4,392 shares during the last quarter. Eaton Vance Management increased its stake in HP by 5.2% during the second quarter. Eaton Vance Management now owns 195,969 shares of the computer maker’s stock worth $4,074,000 after acquiring an additional 9,628 shares during the last quarter. Berman Capital Advisors LLC increased its stake in HP by 378.6% during the second quarter. Berman Capital Advisors LLC now owns 2,034 shares of the computer maker’s stock worth $42,000 after acquiring an additional 1,609 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in HP by 519.1% during the second quarter. Point72 Hong Kong Ltd now owns 26,149 shares of the computer maker’s stock worth $544,000 after acquiring an additional 21,925 shares during the last quarter. 79.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HPQ traded up $0.16 during trading hours on Monday, hitting $17.01. 427,319 shares of the company’s stock traded hands, compared to its average volume of 16,890,228. HP Inc. has a 1 year low of $15.93 and a 1 year high of $25.72. The business has a fifty day moving average price of $18.03 and a 200-day moving average price of $19.48. The firm has a market capitalization of $25.13 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42.

HP (NYSE:HPQ) last announced its earnings results on Thursday, August 22nd. The computer maker reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $14.60 billion during the quarter, compared to analyst estimates of $14.58 billion. HP had a negative return on equity of 265.02% and a net margin of 7.18%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, analysts predict that HP Inc. will post 2.21 EPS for the current year.

Several equities research analysts have weighed in on HPQ shares. Sanford C. Bernstein cut HP from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research note on Monday, September 9th. UBS Group lowered HP from a “buy” rating to a “neutral” rating and dropped their target price for the company from $26.00 to $20.00 in a research report on Monday, September 16th. Goldman Sachs Group lowered HP from a “neutral” rating to a “sell” rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Thursday, October 10th. ValuEngine upgraded HP from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. set a $19.00 target price on HP and gave the company a “hold” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. HP has an average rating of “Hold” and an average price target of $19.73.

In related news, insider Dion J. Weisler sold 437,171 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $18.01, for a total value of $7,873,449.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

HP Company Profile

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.

Further Reading: What is the quiet period?

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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