7,354 Shares in HP Inc. (NYSE:HPQ) Acquired by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC bought a new position in shares of HP Inc. (NYSE:HPQ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,354 shares of the computer maker’s stock, valued at approximately $221,000.

Other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in shares of HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after acquiring an additional 397 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of HP during the 4th quarter worth approximately $28,000. Janiczek Wealth Management LLC increased its holdings in shares of HP by 116.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after acquiring an additional 566 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of HP during the 4th quarter worth approximately $34,000. Finally, Salem Investment Counselors Inc. increased its holdings in shares of HP by 47.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after acquiring an additional 380 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on HPQ. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. HSBC upgraded HP from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays boosted their price target on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Stock Performance

NYSE:HPQ opened at $28.10 on Thursday. The stock has a fifty day moving average price of $29.30 and a 200-day moving average price of $28.84. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.31 and a beta of 1.05. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90.

HP (NYSE:HPQ) last released its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. The firm had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. Research analysts predict that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.2756 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a dividend yield of 3.92%. HP’s dividend payout ratio is currently 32.16%.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 in the last ninety days. 0.41% of the stock is owned by insiders.

HP Profile

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. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.