SG Americas Securities LLC Has $5.80 Million Stake in HP Inc. (NYSE:HPQ)

SG Americas Securities LLC lowered its stake in shares of HP Inc. (NYSE:HPQ) by 13.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 278,812 shares of the computer maker’s stock after selling 41,570 shares during the period. SG Americas Securities LLC’s holdings in HP were worth $5,797,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in HP by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 20,246,617 shares of the computer maker’s stock worth $413,637,000 after buying an additional 385,515 shares during the period. Gradient Investments LLC increased its position 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 buying an additional 1,071 shares during the period. Truvestments Capital LLC acquired a new stake in HP in the first quarter worth $92,000. Mercer Global Advisors Inc. ADV acquired a new stake in HP in the first quarter worth $2,525,000. Finally, CAPROCK Group Inc. increased its position in HP by 41.6% in the first quarter. CAPROCK Group Inc. now owns 21,309 shares of the computer maker’s stock worth $417,000 after buying an additional 6,256 shares during the period. 79.87% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Claire Bramley sold 15,819 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $20.00, for a total transaction of $316,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dion J. Weisler sold 132,964 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $20.95, for a total value of $2,785,595.80. The disclosure for this sale can be found here. In the last three months, insiders sold 213,635 shares of company stock valued at $4,423,266. Company insiders own 0.25% of the company’s stock.

Several brokerages have weighed in on HPQ. Deutsche Bank began coverage on HP in a research report on Wednesday, June 19th. They issued a “hold” rating and a $20.00 target price on the stock. ValuEngine lowered HP from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research raised HP from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Wolfe Research lowered HP from an “outperform” rating to a “peer perform” rating and dropped their target price for the stock from $25.00 to $21.00 in a research report on Tuesday, May 14th. Finally, Barclays began coverage on HP in a research report on Wednesday. They issued an “equal weight” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. HP has an average rating of “Hold” and an average target price of $24.24.

Shares of NYSE:HPQ traded down $0.25 on Friday, hitting $19.28. The company’s stock had a trading volume of 5,002,366 shares, compared to its average volume of 7,752,605. HP Inc. has a 12 month low of $18.06 and a 12 month high of $27.08. The firm has a market capitalization of $29.42 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 2.94 and a beta of 1.40. The company’s 50-day moving average price is $20.87.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, May 23rd. The computer maker reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. HP had a negative return on equity of 232.81% and a net margin of 6.67%. The company had revenue of $14.04 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that HP Inc. will post 2.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.64 annualized dividend and a dividend yield of 3.32%. HP’s payout ratio is 31.68%.

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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