Epoch Investment Partners Inc. Has $643,000 Position in HP Inc. (NYSE:HPQ)

Epoch Investment Partners Inc. trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,369 shares of the computer maker’s stock after selling 2,230 shares during the quarter. Epoch Investment Partners Inc.’s holdings in HP were worth $643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. WMG Financial Advisors LLC increased its holdings in shares of HP by 4.2% during the second quarter. WMG Financial Advisors LLC now owns 7,835 shares of the computer maker’s stock worth $274,000 after buying an additional 315 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in HP by 2.9% in the second quarter. J.W. Cole Advisors Inc. now owns 12,296 shares of the computer maker’s stock valued at $431,000 after purchasing an additional 345 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of HP by 11.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,568 shares of the computer maker’s stock valued at $125,000 after purchasing an additional 372 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in shares of HP by 1.2% during the first quarter. Jacobi Capital Management LLC now owns 34,228 shares of the computer maker’s stock worth $1,034,000 after purchasing an additional 390 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of HP by 1.6% during the second quarter. Whittier Trust Co. now owns 25,776 shares of the computer maker’s stock worth $903,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $33.16, for a total value of $7,013,373.16. Following the completion of the sale, the chief executive officer now directly owns 3 shares of the company’s stock, valued at approximately $99.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $35.84 on Wednesday. The firm has a market cap of $35.07 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07. HP Inc. has a 52-week low of $25.22 and a 52-week high of $39.52. The business’s 50 day moving average price is $35.06 and its two-hundred day moving average price is $33.13.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). The company had revenue of $13.52 billion for the quarter, compared to analyst estimates of $13.37 billion. HP had a net margin of 5.33% and a negative return on equity of 266.37%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. Research analysts predict that HP Inc. will post 3.39 EPS for the current fiscal year.

HP declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 28th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the computer maker to purchase up to 28.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Bank of America lifted their target price on shares of HP from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley reduced their price objective on shares of HP from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. Barclays lowered their target price on HP from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Loop Capital reduced their price target on HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Finally, TD Cowen lifted their price objective on HP from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, HP presently has a consensus rating of “Hold” and a consensus target price of $35.55.

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.