Becker Capital Management Inc. decreased its holdings in HP Inc. (NYSE:HPQ – Get Rating) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 896,425 shares of the computer maker’s stock after selling 331,269 shares during the period. HP comprises approximately 1.3% of Becker Capital Management Inc.’s portfolio, making the stock its 25th largest position. Becker Capital Management Inc.’s holdings in HP were worth $33,768,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Benjamin Edwards Inc. grew its stake in shares of HP by 321.7% in the fourth quarter. Benjamin Edwards Inc. now owns 4,993 shares of the computer maker’s stock worth $188,000 after acquiring an additional 3,809 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of HP by 2.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 875,676 shares of the computer maker’s stock worth $32,986,000 after purchasing an additional 23,070 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of HP during the fourth quarter worth $259,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of HP by 11.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 566,031 shares of the computer maker’s stock worth $21,520,000 after purchasing an additional 58,281 shares in the last quarter. Finally, Aries Wealth Management acquired a new position in shares of HP during the fourth quarter worth $1,173,000. Institutional investors and hedge funds own 81.48% of the company’s stock.
A number of brokerages recently commented on HPQ. Evercore ISI reiterated a “buy” rating and set a $42.00 target price on shares of HP in a research note on Friday, February 25th. Sanford C. Bernstein boosted their target price on shares of HP from $32.00 to $40.00 in a research note on Tuesday, January 11th. StockNews.com downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Morgan Stanley downgraded shares of HP from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $34.00 to $31.00 in a research note on Thursday, March 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of HP from $38.00 to $40.00 in a research note on Thursday, January 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $36.07.
Shares of NYSE:HPQ traded up $1.13 on Thursday, reaching $37.58. The company’s stock had a trading volume of 7,559,071 shares, compared to its average volume of 14,159,391. The stock’s 50-day moving average is $36.82 and its two-hundred day moving average is $35.56. HP Inc. has a 52-week low of $26.11 and a 52-week high of $41.47. The stock has a market capitalization of $39.59 billion, a P/E ratio of 6.71, a PEG ratio of 2.24 and a beta of 0.99.
HP (NYSE:HPQ – Get Rating) last announced its earnings results on Monday, February 28th. The computer maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. HP had a net margin of 10.05% and a negative return on equity of 164.36%. The business had revenue of $17.03 billion during the quarter, compared to analysts’ expectations of $16.52 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts forecast that HP Inc. will post 4.27 earnings per share for the current year.
HP Company Profile (Get Rating)
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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