Diversified Investment Strategies buys $1,418,718 stake in HP Inc (HPQ)

HP Inc (HPQ) : Diversified Investment Strategies scooped up 48,925 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 99,350 shares of HP Inc which is valued at $1,418,718.HP Inc makes up approximately 1.38% of Diversified Investment Strategies’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp reduced its stake in HPQ by selling 365 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 13,701 shares of HPQ which is valued at $195,650. HP Inc makes up approx 0.01% of Cipher Capital Lp’s portfolio.Focused Wealth Management Inc boosted its stake in HPQ in the latest quarter, The investment management firm added 18,459 additional shares and now holds a total of 18,527 shares of HP Inc which is valued at $264,566. HP Inc makes up approx 0.12% of Focused Wealth Management Inc’s portfolio.Commerce Bank boosted its stake in HPQ in the latest quarter, The investment management firm added 645 additional shares and now holds a total of 39,520 shares of HP Inc which is valued at $565,136. HP Inc makes up approx 0.01% of Commerce Bank’s portfolio.Jfs Wealth Advisors reduced its stake in HPQ by selling 43 shares or 17.7% in the most recent quarter. The Hedge Fund company now holds 200 shares of HPQ which is valued at $2,798.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.

HP Inc opened for trading at $14.43 and hit $14.65 on the upside on Tuesday, eventually ending the session at $14.57, with a gain of 1.39% or 0.2 points. The heightened volatility saw the trading volume jump to 1,40,73,417 shares. Company has a market cap of $24,924 M.

On the company’s financial health, HP Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $0.45. The company had revenue of $11892.00 million for the quarter, compared to analysts expectations of $11491.65 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.88 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.

Many Wall Street Analysts have commented on HP Inc. Shares were Downgraded by Maxim Group on Aug 25, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $17 .Company shares were Reiterated by RBC Capital Mkts on Aug 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .

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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