Jensen Investment Management Inc Lowers stake in HP Inc (HPQ)

HP Inc (HPQ) : Jensen Investment Management Inc reduced its stake in HP Inc by 3.89% during the most recent quarter end. The investment management company now holds a total of 35,090 shares of HP Inc which is valued at $490,909 after selling 1,420 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.HP Inc makes up approximately 0.01% of Jensen Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in HPQ in the latest quarter, The investment management firm added 132,565 additional shares and now holds a total of 2,680,958 shares of HP Inc which is valued at $37,506,602. HP Inc makes up approx 0.21% of Retirement Systems Of Alabama’s portfolio.Atria Investments boosted its stake in HPQ in the latest quarter, The investment management firm added 9,527 additional shares and now holds a total of 49,882 shares of HP Inc which is valued at $688,870. HP Inc makes up approx 0.07% of Atria Investments’s portfolio. Abner Herrman Brock added HPQ to its portfolio by purchasing 91,717 company shares during the most recent quarter which is valued at $1,266,612. HP Inc makes up approx 0.29% of Abner Herrman Brock’s portfolio.

HP Inc opened for trading at $13.91 and hit $14.13 on the upside on Friday, eventually ending the session at $14.01, with a gain of 0.50% or 0.07 points. The heightened volatility saw the trading volume jump to 1,57,59,079 shares. Company has a market cap of $23,966 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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