Oldfield Partners Llp buys $169,797,897 stake in HP Inc (HPQ)

HP Inc (HPQ) : Oldfield Partners Llp scooped up 2,416,500 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 11,890,609 shares of HP Inc which is valued at $169,797,897.HP Inc makes up approximately 12.44% of Oldfield Partners Llp’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A reduced its stake in HPQ by selling 1,910,042 shares or 56.58% in the most recent quarter. The Hedge Fund company now holds 1,465,698 shares of HPQ which is valued at $20,930,167. HP Inc makes up approx 0.08% of Credit Agricole S A’s portfolio.Wealth Architects boosted its stake in HPQ in the latest quarter, The investment management firm added 2,413 additional shares and now holds a total of 38,309 shares of HP Inc which is valued at $547,819. HP Inc makes up approx 0.25% of Wealth Architects’s portfolio.Amg National Trust Bank boosted its stake in HPQ in the latest quarter, The investment management firm added 76,443 additional shares and now holds a total of 243,456 shares of HP Inc which is valued at $3,483,855. HP Inc makes up approx 0.31% of Amg National Trust Bank’s portfolio. Legacy Private Trust sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 12,112 shares of HPQ which is valued $168,841.

HP Inc closed down -0.09 points or -0.62% at $14.42 with 95,03,651 shares getting traded on Friday. Post opening the session at $14.46, the shares hit an intraday low of $14.39 and an intraday high of $14.505 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on HP Inc. 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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