Janney Montgomery Scott LLC Reduces Holdings in HP Inc. (HPQ)

Janney Montgomery Scott LLC decreased its position in shares of HP Inc. (NYSE:HPQ) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,870 shares of the computer maker’s stock after selling 5,230 shares during the quarter. Janney Montgomery Scott LLC’s holdings in HP were worth $1,086,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HPQ. Claybrook Capital LLC grew its holdings in shares of HP by 367.8% during the fourth quarter. Claybrook Capital LLC now owns 1,235 shares of the computer maker’s stock worth $25,000 after buying an additional 971 shares during the last quarter. Dubuque Bank & Trust Co. grew its holdings in shares of HP by 1,760.0% during the first quarter. Dubuque Bank & Trust Co. now owns 1,302 shares of the computer maker’s stock worth $25,000 after buying an additional 1,232 shares during the last quarter. Sontag Advisory LLC purchased a new position in shares of HP during the fourth quarter worth about $26,000. Gradient Investments LLC grew its holdings in shares of HP by 331.6% during the first quarter. Gradient Investments LLC now owns 1,394 shares of the computer maker’s stock worth $27,000 after buying an additional 1,071 shares during the last quarter. Finally, Athena Capital Advisors LLC purchased a new position in shares of HP during the fourth quarter worth about $29,000. 79.19% of the stock is currently owned by institutional investors.

In other HP news, CEO Dion J. Weisler sold 36,799 shares of HP stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.00, for a total value of $735,980.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised HP from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Wolfe Research lowered HP from an “outperform” rating to a “peer perform” rating and lowered their price target for the stock from $25.00 to $21.00 in a report on Tuesday. ValuEngine lowered HP from a “hold” rating to a “sell” rating in a report on Monday, April 1st. JPMorgan Chase & Co. reissued a “hold” rating on shares of HP in a report on Thursday, February 28th. Finally, Credit Suisse Group assumed coverage on HP in a report on Thursday, April 11th. They set a “neutral” rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. HP presently has a consensus rating of “Hold” and an average price target of $25.71.

Shares of HPQ opened at $19.02 on Friday. HP Inc. has a twelve month low of $18.06 and a twelve month high of $27.08. The company has a market capitalization of $29.17 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 3.10 and a beta of 1.38.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 27th. The computer maker reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. HP had a negative return on equity of 216.97% and a net margin of 7.15%. The company had revenue of $14.71 billion for the quarter, compared to analyst estimates of $14.81 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that HP Inc. will post 2.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be issued a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, June 11th. HP’s dividend payout ratio is presently 31.68%.

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HP Company Profile

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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