Amg National Trust Bank buys $3,483,855 stake in HP Inc (HPQ)

HP Inc (HPQ) : Amg National Trust Bank scooped up 76,443 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 243,456 shares of HP Inc which is valued at $3,483,855.HP Inc makes up approximately 0.31% of Amg National Trust Bank’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. New Amsterdam Partnersny added HPQ to its portfolio by purchasing 41,697 company shares during the most recent quarter which is valued at $596,684. HP Inc makes up approx 0.14% of New Amsterdam Partnersny’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in HPQ by selling 11,018 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 649,004 shares of HPQ which is valued at $8,962,745. HP Inc makes up approx 1.16% of Deroy Devereaux Private Investment Counsel Inc’s portfolio. Saddle Road Partners sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 15,809 shares of HPQ which is valued $218,322.

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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