Matrix Asset Advisors Incny Lowers stake in HP Inc (HPQ)

HP Inc (HPQ) : Matrix Asset Advisors Incny reduced its stake in HP Inc by 1.97% during the most recent quarter end. The investment management company now holds a total of 364,478 shares of HP Inc which is valued at $5,215,680 after selling 7,309 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.HP Inc makes up approximately 0.97% of Matrix Asset Advisors Incny’s portfolio.

Other Hedge Funds, Including , Intrust Bank Na boosted its stake in HPQ in the latest quarter, The investment management firm added 3,663 additional shares and now holds a total of 24,597 shares of HP Inc which is valued at $351,983. HP Inc makes up approx 0.14% of Intrust Bank Na’s portfolio.Boston Advisors reduced its stake in HPQ by selling 8,800 shares or 26.44% in the most recent quarter. The Hedge Fund company now holds 24,489 shares of HPQ which is valued at $342,601. HP Inc makes up approx 0.01% of Boston Advisors’s portfolio.Horrell Capital Management reduced its stake in HPQ by selling 527 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 26,862 shares of HPQ which is valued at $375,799. HP Inc makes up approx 0.23% of Horrell Capital Management’s portfolio.Fisher Asset Management boosted its stake in HPQ in the latest quarter, The investment management firm added 1,555 additional shares and now holds a total of 14,435 shares of HP Inc which is valued at $199,347.Franklin Street Advisors Inc Nc boosted its stake in HPQ in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 13,050 shares of HP Inc which is valued at $180,221. HP Inc makes up approx 0.03% of Franklin Street Advisors Inc Nc’s portfolio.

HP Inc closed down -0.02 points or -0.14% at $14.26 with 1,15,86,363 shares getting traded on Monday. Post opening the session at $14.3, the shares hit an intraday low of $14.2 and an intraday high of $14.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, HP Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.38. The company had revenue of $11588.00 million for the quarter, compared to analysts expectations of $11708.63 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

Investors should note that on Jul 20, 2016, HP Inc announced a cash dividend of $0.1240. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Oct 5, 2016.

HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.

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