HP Inc. (HPQ) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 47.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,903 shares of the computer maker’s stock after selling 3,469 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in HP were worth $101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HPQ. Boston Partners lifted its position in HP by 7.3% during the second quarter. Boston Partners now owns 38,822,978 shares of the computer maker’s stock valued at $880,893,000 after purchasing an additional 2,637,787 shares during the last quarter. Northern Trust Corp lifted its position in HP by 0.7% during the second quarter. Northern Trust Corp now owns 21,440,019 shares of the computer maker’s stock valued at $486,474,000 after purchasing an additional 141,712 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in HP by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,327,977 shares of the computer maker’s stock valued at $325,104,000 after purchasing an additional 52,104 shares during the last quarter. LSV Asset Management lifted its position in HP by 2.4% during the second quarter. LSV Asset Management now owns 13,987,387 shares of the computer maker’s stock valued at $317,373,000 after purchasing an additional 330,253 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in HP by 17.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 8,197,267 shares of the computer maker’s stock valued at $185,996,000 after purchasing an additional 1,207,545 shares during the last quarter. 80.39% of the stock is owned by institutional investors.

Several research firms have commented on HPQ. Deutsche Bank increased their price objective on shares of HP from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 24th. ValuEngine upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Argus reiterated a “buy” rating on shares of HP in a research report on Monday, October 8th. Wells Fargo & Co increased their price objective on shares of HP from $21.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, August 24th. Finally, Morgan Stanley increased their price objective on shares of HP from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, August 24th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.44.

HP stock opened at $24.63 on Friday. The stock has a market capitalization of $38.97 billion, a PE ratio of 12.83, a PEG ratio of 1.58 and a beta of 1.50. HP Inc. has a 12-month low of $19.31 and a 12-month high of $27.08.

HP (NYSE:HPQ) last released its earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $14.59 billion during the quarter, compared to analyst estimates of $14.29 billion. HP had a net margin of 7.95% and a negative return on equity of 130.47%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. On average, research analysts expect that HP Inc. will post 2.02 earnings per share for the current fiscal year.

In other news, COO Catherine A. Lesjak sold 693,594 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $25.78, for a total value of $17,880,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

HP 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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