Tokio Marine Asset Management Co. Ltd. Has $772,000 Position in HP Inc. (HPQ)

Tokio Marine Asset Management Co. Ltd. Has $772,000 Position in HP Inc. (HPQ)

Tokio Marine Asset Management Co. Ltd. reduced its position in shares of HP Inc. (NYSE:HPQ) by 8.4% during the third quarter, Holdings Channel reports. The fund owned 49,736 shares of the computer maker’s stock after selling 4,556 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in HP were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPQ. IFP Advisors Inc increased its position in shares of HP by 0.3% in the second quarter. IFP Advisors Inc now owns 22,658 shares of the computer maker’s stock worth $284,000 after buying an additional 72 shares during the last quarter. Thompson Investment Management Inc. increased its position in shares of HP by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 40,620 shares of the computer maker’s stock worth $510,000 after buying an additional 120 shares during the last quarter. Conning Inc. increased its position in shares of HP by 0.4% in the third quarter. Conning Inc. now owns 44,375 shares of the computer maker’s stock worth $689,000 after buying an additional 190 shares during the last quarter. Cedar Wealth Management LLC increased its position in shares of HP by 2.7% in the third quarter. Cedar Wealth Management LLC now owns 8,431 shares of the computer maker’s stock worth $131,000 after buying an additional 220 shares during the last quarter. Finally, Integrated Wealth Management increased its position in shares of HP by 3.4% in the third quarter. Integrated Wealth Management now owns 9,236 shares of the computer maker’s stock worth $143,000 after buying an additional 304 shares during the last quarter. 78.00% of the stock is owned by institutional investors.

HP Inc. (NYSE:HPQ) opened at 14.80 on Friday. The firm has a market cap of $25.24 billion, a price-to-earnings ratio of 10.34 and a beta of 1.54. The company’s 50-day moving average price is $15.04 and its 200 day moving average price is $14.80. HP Inc. has a 1-year low of $8.91 and a 1-year high of $16.25.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The company earned $12.50 billion during the quarter, compared to the consensus estimate of $11.89 billion. HP had a negative return on equity of 63.67% and a net margin of 5.17%. HP’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. On average, equities analysts expect that HP Inc. will post $1.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Wednesday, March 8th will be given a dividend of $0.1327 per share. This represents a $0.53 annualized dividend and a yield of 3.59%. The ex-dividend date is Monday, March 6th. HP’s payout ratio is 37.32%.

A number of brokerages have issued reports on HPQ. Wells Fargo & Company reissued an “outperform” rating and issued a $14.50 price target on shares of HP in a report on Wednesday, November 23rd. Vetr upgraded HP from a “buy” rating to a “strong-buy” rating and set a $17.76 price objective for the company in a research report on Monday, November 28th. Argus restated a “buy” rating and issued a $15.15 price objective (down from $19.00) on shares of HP in a research report on Wednesday, November 30th. Mizuho restated a “neutral” rating and issued a $14.00 price objective on shares of HP in a research report on Tuesday, January 24th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $16.00 price objective on shares of HP in a research report on Friday, December 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.71.

In other HP news, insider Kim M. Rivera sold 14,220 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $15.85, for a total transaction of $225,387.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ron Coughlin sold 113,503 shares of the firm’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $15.78, for a total value of $1,791,077.34. Following the transaction, the insider now directly owns 169,288 shares of the company’s stock, valued at approximately $2,671,364.64. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

About HP

HP Inc is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The Company operates through three segments: Personal Systems, Printing and Corporate Investments. The Company’s Personal Systems segment provides commercial personal computers (PCs), consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale (POS) systems, calculators and other related accessories, software, support and services for the commercial and consumer markets.

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