Arvest Bank Trust Division Lowers stake in HP Inc (HPQ)

HP Inc (HPQ) : Arvest Bank Trust Division reduced its stake in HP Inc by 0.7% during the most recent quarter end. The investment management company now holds a total of 440,835 shares of HP Inc which is valued at $6,868,209 after selling 3,115 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.HP Inc makes up approximately 0.58% of Arvest Bank Trust Division’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in HPQ by selling 5,943 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 436,848 shares of HPQ which is valued at $6,806,092. HP Inc makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.Independent Portfolio Consultants reduced its stake in HPQ by selling 10 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 3,053 shares of HPQ which is valued at $47,718. HP Inc makes up approx 0.02% of Independent Portfolio Consultants’s portfolio. Hefty Wealth Partners added HPQ to its portfolio by purchasing 433 company shares during the most recent quarter which is valued at $6,768. HP Inc makes up approx 0.01% of Hefty Wealth Partners’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HPQ by selling 24,980 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 1,039,970 shares of HPQ which is valued at $16,254,731. HP Inc makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.

HP Inc closed down -0.02 points or -0.13% at $15.58 with 54,58,221 shares getting traded on Friday. Post opening the session at $15.62, the shares hit an intraday low of $15.485 and an intraday high of $15.68 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on HP Inc. 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 .Shares were Downgraded by Maxim Group on Aug 25, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $17 .Company shares were Reiterated by RBC Capital Mkts on Aug 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

HP Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HP Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.