Aqr Capital Management buys $484,693,301 stake in HP Inc (HPQ)

HP Inc (HPQ) : Aqr Capital Management scooped up 11,303,968 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 30,105,174 shares of HP Inc which is valued at $484,693,301.HP Inc makes up approximately 0.74% of Aqr Capital Management’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in HPQ in the latest quarter, The investment management firm added 2,200,222 additional shares and now holds a total of 52,041,620 shares of HP Inc which is valued at $837,870,082. HP Inc makes up approx 0.11% of Fmr’s portfolio.Geode Capital Management boosted its stake in HPQ in the latest quarter, The investment management firm added 551,805 additional shares and now holds a total of 15,417,033 shares of HP Inc which is valued at $238,809,841. HP Inc makes up approx 0.12% of Geode Capital Management’s portfolio. Stevens Capital Management Lp sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 60,762 shares of HPQ which is valued $914,468.Flippin Bruce Porter Inc boosted its stake in HPQ in the latest quarter, The investment management firm added 22,816 additional shares and now holds a total of 393,517 shares of HP Inc which is valued at $5,788,635. HP Inc makes up approx 1.65% of Flippin Bruce Porter Inc’s portfolio.

HP Inc closed down -0.02 points or -0.13% at $15.87 with 1,08,78,170 shares getting traded on Monday. Post opening the session at $15.88, the shares hit an intraday low of $15.805 and an intraday high of $15.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, HP Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $0.45. The company had revenue of $11892.00 million for the quarter, compared to analysts expectations of $11491.65 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.88 EPS.

Investors should note that on Nov 9, 2016, HP Inc announced a cash dividend of $0.1327. The company’s management has announced Dec 12, 2016 as the ex-dividend date and fixed the record date on Dec 14, 2016. The payable date has been fixed on Jan 4, 2017.

Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by Mizuho on Oct 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Company shares were Reiterated by UBS on Oct 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .Company shares were Reiterated by RBC Capital Mkts on Oct 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .

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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