January 12, 2018 – By Vivian Park
Investors sentiment decreased to 0.38 in 2017 Q3. Its down 1.33, from 1.71 in 2017Q2. It fall, as 3 investors sold HP Inc. shares while 10 reduced holdings. 1 funds opened positions while 4 raised stakes. 1.08 million shares or 51.19% less from 2.22 million shares in 2017Q2 were reported.
Prudential Pcl, Illinois-based fund reported 21,500 shares. North Star Asset Mgmt invested in 28,619 shares or 0.05% of the stock. Hanson And Doremus Invest Mngmt holds 0.02% of its portfolio in HP Inc. (NYSE:HPQ) for 3,160 shares. Cap Advsr Limited Liability Company holds 14,914 shares or 0.02% of its portfolio. Gemmer Asset Mgmt Lc holds 0.02% or 2,292 shares in its portfolio. Wagner Bowman Mgmt owns 16,669 shares or 0.09% of their US portfolio. Balasa Dinverno And Foltz Limited Liability has invested 0.19% of its portfolio in HP Inc. (NYSE:HPQ). Palisade Asset Mngmt Lc accumulated 28,621 shares. Greenwich Wealth Management Llc reported 142,802 shares. Eqis Cap stated it has 0.09% in HP Inc. (NYSE:HPQ). West Oak Capital Ltd Com owns 4,257 shares. Vantage Advisors Limited Liability invested in 0% or 384 shares. Focused Wealth Mngmt Incorporated holds 100 shares or 0% of its portfolio. Gulf National Bank & Trust (Uk) Limited stated it has 0.14% in HP Inc. (NYSE:HPQ). Private Ocean Ltd Limited Liability Company invested 0.02% of its portfolio in HP Inc. (NYSE:HPQ).
Since September 5, 2017, it had 0 insider purchases, and 11 insider sales for $38.82 million activity. On Tuesday, September 5 the insider MYERS MARIE sold $226,226. 40,965 HP Inc. (NYSE:HPQ) shares with value of $880,748 were sold by LORES ENRIQUE. Rivera Kim M also sold $308,458 worth of HP Inc. (NYSE:HPQ) shares. 207,806 shares valued at $4.48M were sold by FLAXMAN JON E on Friday, January 5. The insider KEOGH TRACY S sold 265,600 shares worth $5.29 million. $14.61 million worth of HP Inc. (NYSE:HPQ) shares were sold by WEISLER DION J.
The stock of HP Inc. (NYSE:HPQ) hit a new 52-week high and has $23.56 target or 3.00 % above today’s $22.88 share price. The 9 months bullish chart indicates low risk for the $37.64 billion company. The 1-year high was reported on Jan, 12 by Barchart.com. If the $23.56 price target is reached, the company will be worth $1.13 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.
The stock increased 2.08% or $0.465 during the last trading session, reaching $22.875. About 3.13M shares traded. HP Inc. (NYSE:HPQ) has risen 66.08% since January 12, 2017 and is uptrending. It has outperformed by 49.38% the S&P500.
Analysts await HP Inc. (NYSE:HPQ) to report earnings on February, 28. They expect $0.42 EPS, up 10.53 % or $0.04 from last year’s $0.38 per share. HPQ’s profit will be $691.00 million for 13.62 P/E if the $0.42 EPS becomes a reality. After $0.44 actual EPS reported by HP Inc. for the previous quarter, Wall Street now forecasts -4.55 % negative EPS growth.
HP Inc. (NYSE:HPQ) Ratings Coverage
Among 32 analysts covering Hewlett-Packard (NYSE:HPQ), 16 have Buy rating, 0 Sell and 16 Hold. Therefore 50% are positive. Hewlett-Packard has $45 highest and $6 lowest target. $22.65’s average target is -0.98% below currents $22.875 stock price. Hewlett-Packard had 127 analyst reports since August 17, 2015 according to SRatingsIntel. As per Wednesday, November 22, the company rating was maintained by Deutsche Bank. On Friday, October 13 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Wednesday, July 12, the company rating was maintained by BMO Capital Markets. The rating was initiated by Loop Capital Markets with “Buy” on Tuesday, August 22. Citigroup maintained it with “Buy” rating and $23 target in Friday, October 13 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, February 11 report. Mizuho maintained HP Inc. (NYSE:HPQ) rating on Tuesday, November 3. Mizuho has “Neutral” rating and $14 target. The stock of HP Inc. (NYSE:HPQ) earned “Buy” rating by Argus Research on Monday, August 29. On Thursday, February 23 the stock rating was maintained by Maxim Group with “Hold”. The firm has “Hold” rating given on Tuesday, September 5 by Jefferies.
More notable recent HP Inc. (NYSE:HPQ) news were published by: Nasdaq.com which released: “Here’s Why 2017 Has Been a Remarkable Year for HP Inc (HPQ)” on December 13, 2017, also Fool.com with their article: “Why HP Inc. Stock Climbed 42% in 2017” published on January 09, 2018, Seekingalpha.com published: “HP Inc.: Growth To Continue” on December 20, 2017. More interesting news about HP Inc. (NYSE:HPQ) were released by: Fortune.com and their article: “Amazon Alexa Is Now Available on HP, Acer, and Asus Computers” published on January 08, 2018 as well as Globenewswire.com‘s news article titled: “HP Fuels the Future of Computing at CES 2018” with publication date: January 08, 2018.
HP Inc. provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including clients in the government, health, and education sectors worldwide. The company has market cap of $37.64 billion. It operates through Personal Systems and Printing divisions. It has a 15.46 P/E ratio. The Personal Systems segment offers commercial personal computers , 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.