From MarketBeat: Rheos Capital Works Inc. Makes New $3.86 Million Investment in HP Inc. (NYSE:HPQ)
From MarketBeat:
During the third quarter, Rheos Capital Works Inc. added a new stake in HP Inc. by purchasing 150,000 shares valued at approximately $3.8 million. Other large investors have also made changes to their stakes in the company, including Capital Investment Advisors LLC and Everence Capital Management Inc. Analysts have recently commented on HP Inc, with a consensus rating of “Moderate Buy” and a consensus price target of $31.90. HP stock traded slightly up to $30.18 during midday trading on Monday, with a 52-week low of $25.22 and a 52-week high of $33.90. The company’s 50-day moving average price is $28.19 and its 200-day moving average price is $29.44. HP Inc. provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. The company’s quarterly dividend has increased to $0.2756 per share, representing a positive change from HP’s previous quarterly dividend of $0.26 and a dividend yield of 3.65%. Despite the “Moderate Buy” rating among analysts, five other stocks are believed to be better buys according to top-rated analysts. These stocks are recommended for long-term wealth building as artificial intelligence continues to grow into the future.
Original: Rheos Capital Works Inc. Makes New $3.86 Million Investment in HP Inc. (NYSE:HPQ)