Wealth Architects buys $547,819 stake in HP Inc (HPQ)

HP Inc (HPQ) : Wealth Architects scooped up 2,413 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 38,309 shares of HP Inc which is valued at $547,819.HP Inc makes up approximately 0.25% of Wealth Architects’s portfolio.

Other Hedge Funds, Including , Bailard sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 15,280 shares of HPQ which is valued $218,504.Sg Americas Securities reduced its stake in HPQ by selling 1,440,864 shares or 97.83% in the most recent quarter. The Hedge Fund company now holds 32,016 shares of HPQ which is valued at $458,149. 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.Asset Dedication boosted its stake in HPQ in the latest quarter, The investment management firm added 126 additional shares and now holds a total of 3,697 shares of HP Inc which is valued at $51,536. HP Inc makes up approx 0.04% of Asset Dedication’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in HPQ in the latest quarter, The investment management firm added 9,197 additional shares and now holds a total of 16,197 shares of HP Inc which is valued at $223,681. HP Inc makes up approx 0.01% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

HP Inc opened for trading at $14.31 and hit $14.59 on the upside on Monday, eventually ending the session at $14.52, with a gain of 1.68% or 0.24 points. The heightened volatility saw the trading volume jump to 1,27,49,131 shares. Company has a market cap of $24,838 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.

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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