Financial Consulate Inc Lowers stake in HP Inc (HPQ)

HP Inc (HPQ) : Financial Consulate Inc reduced its stake in HP Inc by 10.24% during the most recent quarter end. The investment management company now holds a total of 92,605 shares of HP Inc which is valued at $1,159,415 after selling 10,560 shares in HP Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.HP Inc makes up approximately 0.79% of Financial Consulate Inc’s portfolio.

HP Inc opened for trading at $12.48 and hit $12.96 on the upside on Monday, eventually ending the session at $12.67, with a gain of 1.20% or 0.15 points. The heightened volatility saw the trading volume jump to 1,55,84,523 shares. Company has a market cap of $22,007 M.

Other Hedge Funds, Including , Somerset Trust Co boosted its stake in HPQ in the latest quarter, The investment management firm added 59,284 additional shares and now holds a total of 101,656 shares of HP Inc which is valued at $1,272,733. HP Inc makes up approx 0.84% of Somerset Trust Co’s portfolio.Central Bank Trust Co reduced its stake in HPQ by selling 151 shares or 12.86% in the most recent quarter. The Hedge Fund company now holds 1,023 shares of HPQ which is valued at $12,808.Creative Planning boosted its stake in HPQ in the latest quarter, The investment management firm added 8,336 additional shares and now holds a total of 87,694 shares of HP Inc which is valued at $1,063,728. HP Inc makes up approx 0.01% of Creative Planning’s portfolio.Chevy Chase Trust Holdings reduced its stake in HPQ by selling 32,425 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 1,489,267 shares of HPQ which is valued at $18,064,809. HP Inc makes up approx 0.10% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, HP Inc reported $0.36 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $12246.00 million for the quarter, compared to analysts expectations of $12031.50 million. The company’s revenue was down -11.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by RBC Capital Mkts on Mar 14, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Shares were Reiterated by Barclays on Feb 25, 2016 to “Equal Weight” and Lowered the Price Target to $ 13 from a previous price target of $14 .Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $16 .

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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