Armstrong Shaw Associates Incct Lowers stake in HP Inc (HPQ)

HP Inc (HPQ) : Armstrong Shaw Associates Incct reduced its stake in HP Inc by 0.11% during the most recent quarter end. The investment management company now holds a total of 189,754 shares of HP Inc which is valued at $2,713,482 after selling 203 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.HP Inc makes up approximately 0.66% of Armstrong Shaw Associates Incct’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in HPQ by selling 5,560 shares or 18.01% in the most recent quarter. The Hedge Fund company now holds 25,316 shares of HPQ which is valued at $362,019. HP Inc makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.Polaris Capital Management boosted its stake in HPQ in the latest quarter, The investment management firm added 8,400 additional shares and now holds a total of 1,028,921 shares of HP Inc which is valued at $14,692,992. HP Inc makes up approx 1.22% of Polaris Capital Management’s portfolio.Bank Of Hawaii boosted its stake in HPQ in the latest quarter, The investment management firm added 1,360 additional shares and now holds a total of 20,305 shares of HP Inc which is valued at $290,565. HP Inc makes up approx 0.03% of Bank Of Hawaii’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in HPQ by selling 271,902 shares or 65.83% in the most recent quarter. The Hedge Fund company now holds 141,129 shares of HPQ which is valued at $1,991,330. HP Inc makes up approx 0.04% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

HP Inc opened for trading at $14.31 and hit $14.59 on the upside on Monday, eventually ending the session at $14.52, with a gain of 1.68% or 0.24 points. The heightened volatility saw the trading volume jump to 1,27,49,131 shares. Company has a market cap of $24,838 M.

On the company’s financial health, HP Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.38. The company had revenue of $11588.00 million for the quarter, compared to analysts expectations of $11708.63 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

Investors should note that on Jul 20, 2016, HP Inc announced a cash dividend of $0.1240. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Oct 5, 2016.

HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.

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