Weybosset Research & Management LLC Has $5.13 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Weybosset Research & Management LLC decreased its holdings in HP Inc. (NYSE:HPQ) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 271,069 shares of the computer maker’s stock after selling 20,855 shares during the quarter. HP accounts for approximately 2.9% of Weybosset Research & Management LLC’s holdings, making the stock its 19th biggest holding. Weybosset Research & Management LLC’s holdings in HP were worth $5,129,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CKW Financial Group grew its holdings in HP by 39.1% during the 2nd quarter. CKW Financial Group now owns 6,050 shares of the computer maker’s stock worth $126,000 after acquiring an additional 1,700 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of HP by 22.7% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,735 shares of the computer maker’s stock valued at $493,000 after purchasing an additional 4,392 shares during the last quarter. Eaton Vance Management boosted its stake in shares of HP by 5.2% in the 2nd quarter. Eaton Vance Management now owns 195,969 shares of the computer maker’s stock valued at $4,074,000 after purchasing an additional 9,628 shares during the last quarter. Berman Capital Advisors LLC boosted its stake in shares of HP by 378.6% in the 2nd quarter. Berman Capital Advisors LLC now owns 2,034 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its stake in shares of HP by 519.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 26,149 shares of the computer maker’s stock valued at $544,000 after purchasing an additional 21,925 shares during the last quarter. Institutional investors own 79.63% of the company’s stock.

Shares of NYSE:HPQ traded up $0.13 during mid-day trading on Tuesday, reaching $17.13. The stock had a trading volume of 114,028 shares, compared to its average volume of 16,773,622. The firm has a market cap of $24.97 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 3.34 and a beta of 1.42. The firm has a 50 day simple moving average of $17.95 and a two-hundred day simple moving average of $19.44. HP Inc. has a twelve month low of $15.93 and a twelve month high of $25.72.

HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, August 22nd. The computer maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The business had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.58 billion. HP had a net margin of 7.18% and a negative return on equity of 265.02%. HP’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, equities research analysts expect that HP Inc. will post 2.21 EPS for the current fiscal year.

Several research analysts have recently issued reports on HPQ shares. Morgan Stanley reduced their target price on shares of HP from $21.00 to $20.00 and set a “weight” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $19.00 target price on shares of HP and gave the company a “hold” rating in a research note on Friday, August 23rd. Argus lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Wells Fargo & Co raised shares of HP to a “market perform” rating and reduced their target price for the company from $23.00 to $20.00 in a research note on Friday, August 23rd. Finally, Sanford C. Bernstein lowered shares of HP from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.73.

In other HP news, insider Dion J. Weisler sold 437,171 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $18.01, for a total transaction of $7,873,449.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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