Huber Capital Management LLC decreased its holdings in shares of HP Inc (NYSE:HPQ) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 249,236 shares of the computer maker’s stock after selling 14,900 shares during the period. Huber Capital Management LLC’s holdings in HP were worth $5,236,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of HPQ. Advisors Preferred LLC boosted its position in HP by 1,153.0% in the fourth quarter. Advisors Preferred LLC now owns 4,774 shares of the computer maker’s stock valued at $100,000 after buying an additional 4,393 shares during the last quarter. Sandy Spring Bank boosted its position in HP by 439.8% in the 4th quarter. Sandy Spring Bank now owns 5,236 shares of the computer maker’s stock worth $110,000 after purchasing an additional 4,266 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in HP in the 4th quarter worth approximately $111,000. Valeo Financial Advisors LLC raised its stake in shares of HP by 159.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,534 shares of the computer maker’s stock worth $137,000 after buying an additional 4,011 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its stake in shares of HP by 188.3% during the 3rd 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 during the period. Institutional investors and hedge funds own 80.59% of the company’s stock.
HPQ has been the subject of several research analyst reports. ValuEngine raised HP from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Citigroup upped their target price on HP from $23.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Goldman Sachs Group assumed coverage on HP in a report on Wednesday, February 7th. They set a “neutral” rating and a $25.00 price target for the company. Royal Bank of Canada reiterated a “hold” rating on shares of HP in a report on Wednesday, November 22nd. Finally, Wells Fargo & Co began coverage on HP in a report on Tuesday, November 14th. They set a “market perform” rating and a $21.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. HP presently has an average rating of “Buy” and a consensus target price of $23.94.
HP Inc (HPQ) traded down $0.14 during midday trading on Wednesday, hitting $23.48. The stock had a trading volume of 9,303,927 shares, compared to its average volume of 12,330,000. The firm has a market capitalization of $38,630.00, a PE ratio of 14.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.68. HP Inc has a 12 month low of $17.03 and a 12 month high of $24.75. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.67 and a current ratio of 0.91.
HP (NYSE:HPQ) last released its earnings results on Thursday, February 22nd. The computer maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. HP had a negative return on equity of 82.30% and a net margin of 7.15%. The firm had revenue of $14.52 billion during the quarter, compared to analyst estimates of $13.47 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. analysts forecast that HP Inc will post 1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.1393 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Tuesday, March 13th. HP’s dividend payout ratio (DPR) is presently 34.36%.
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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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