HP Inc (HPQ) : Srb Corp added new position in HP Inc during the most recent quarter end. The investment management firm now holds 13,141 shares of HP Inc which is valued at $187,653 , the company said in a statement filed on Aug 15, 2016 with the SEC.HP Inc makes up approximately 0.03% of Srb Corp’s portfolio.
Other Hedge Funds, Including , Archford Capital Strategies added HPQ to its portfolio by purchasing 109 company shares during the most recent quarter which is valued at $1,557.Clifford Swan Investment Counsel reduced its stake in HPQ by selling 4,614 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 843,819 shares of HPQ which is valued at $12,049,735. HP Inc makes up approx 0.81% of Clifford Swan Investment Counsel’s portfolio.Mufg Americas Holdings Corp reduced its stake in HPQ by selling 20,671 shares or 19.12% in the most recent quarter. The Hedge Fund company now holds 87,469 shares of HPQ which is valued at $1,250,807. HP Inc makes up approx 0.04% of Mufg Americas Holdings Corp’s portfolio.Armbruster Capital Management reduced its stake in HPQ by selling 427 shares or 19.17% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of HPQ which is valued at $25,218. HP Inc makes up approx 0.02% of Armbruster Capital Management’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.
HP Inc opened for trading at $14.39 and hit $14.5 on the upside on Thursday, eventually ending the session at $14.5, with a gain of 0.90% or 0.13 points. The heightened volatility saw the trading volume jump to 1,08,54,014 shares. Company has a market cap of $24,804 M.
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 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.
Many Wall Street Analysts have commented on HP Inc. 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.