HP Inc (HPQ) : New England Investment Retirement Group reduced its stake in HP Inc by 3.56% during the most recent quarter end. The investment management company now holds a total of 76,607 shares of HP Inc which is valued at $1,096,246 after selling 2,824 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.HP Inc makes up approximately 0.64% of New England Investment Retirement Group’s portfolio.
Other Hedge Funds, Including , Hussman Strategic Advisors sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 12,000 shares of HPQ which is valued $171,720.Jfs Wealth Advisors reduced its stake in HPQ by selling 43 shares or 17.7% in the most recent quarter. The Hedge Fund company now holds 200 shares of HPQ which is valued at $2,798.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.Ls Investment Advisors boosted its stake in HPQ in the latest quarter, The investment management firm added 5,649 additional shares and now holds a total of 67,830 shares of HP Inc which is valued at $957,081. HP Inc makes up approx 0.06% of Ls Investment Advisors’s portfolio.Mitchell Mcleod Pugh Williams Inc reduced its stake in HPQ by selling 1,000 shares or 8.34% in the most recent quarter. The Hedge Fund company now holds 10,985 shares of HPQ which is valued at $153,131. HP Inc makes up approx 0.11% of Mitchell Mcleod Pugh Williams Inc’s portfolio.
HP Inc closed down -0.16 points or -1.12% at $14.15 with 1,48,59,942 shares getting traded on Thursday. Post opening the session at $14.33, the shares hit an intraday low of $14.095 and an intraday high of $14.38 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.