Brookstone Capital Management buys $3,888,124 stake in HP Inc (HPQ)

HP Inc (HPQ) : Brookstone Capital Management scooped up 18,448 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 274,585 shares of HP Inc which is valued at $3,888,124.HP Inc makes up approximately 0.50% of Brookstone Capital Management’s portfolio.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue reduced its stake in HPQ by selling 3,930 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 137,510 shares of HPQ which is valued at $1,947,142. HP Inc makes up approx 0.20% of State Of Alaska Department Of Revenue’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in HPQ by selling 31 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 24,578 shares of HPQ which is valued at $342,617. HP Inc makes up approx 0.17% of Boyd Watterson Asset Managementoh’s portfolio.Gradient Investments reduced its stake in HPQ by selling 1,439 shares or 82.09% in the most recent quarter. The Hedge Fund company now holds 314 shares of HPQ which is valued at $4,377.Davenport Co reduced its stake in HPQ by selling 2,880 shares or 7.24% in the most recent quarter. The Hedge Fund company now holds 36,903 shares of HPQ which is valued at $509,630. HP Inc makes up approx 0.01% of Davenport Co’s portfolio.

HP Inc opened for trading at $14.15 and hit $14.25 on the upside on Wednesday, eventually ending the session at $14.16, with a gain of 0.78% or 0.11 points. The heightened volatility saw the trading volume jump to 1,72,22,703 shares. Company has a market cap of $24,222 M.

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.

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.

Leave a Reply

HP Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HP Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.