HP Inc (HPQ) : Exxonmobil Investment Management Inc Tx reduced its stake in HP Inc by 1.34% during the most recent quarter end. The investment management company now holds a total of 436,848 shares of HP Inc which is valued at $6,806,092 after selling 5,943 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.HP Inc makes up approximately 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Simplex Trading boosted its stake in HPQ in the latest quarter, The investment management firm added 7,307 additional shares and now holds a total of 15,307 shares of HP Inc which is valued at $238,483. HP Inc makes up approx 0.03% of Simplex Trading’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.Washington Trust Bank boosted its stake in HPQ in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 1,353 shares of HP Inc which is valued at $21,147. HP Inc makes up approx 0.01% of Washington Trust Bank’s portfolio.Cacti Asset Management reduced its stake in HPQ by selling 5,000 shares or 13.89% in the most recent quarter. The Hedge Fund company now holds 31,000 shares of HPQ which is valued at $484,530. HP Inc makes up approx 0.05% of Cacti Asset Management’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.