New York State Common Retirement Fund Decreases Holdings in HP Inc. (NYSE:HPQ)

New York State Common Retirement Fund cut its holdings in shares of HP Inc. (NYSE:HPQ) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 858,657 shares of the computer maker’s stock after selling 83,229 shares during the quarter. New York State Common Retirement Fund owned 0.09% of HP worth $25,837,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HPQ. SG Americas Securities LLC raised its stake in shares of HP by 9.6% during the third quarter. SG Americas Securities LLC now owns 43,746 shares of the computer maker’s stock worth $1,124,000 after acquiring an additional 3,827 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of HP by 11.5% in the third quarter. CreativeOne Wealth LLC now owns 8,427 shares of the computer maker’s stock worth $217,000 after buying an additional 872 shares during the period. Czech National Bank increased its stake in shares of HP by 47.8% in the third quarter. Czech National Bank now owns 151,646 shares of the computer maker’s stock worth $3,897,000 after buying an additional 49,023 shares during the period. Denali Advisors LLC increased its stake in shares of HP by 3.2% in the third quarter. Denali Advisors LLC now owns 26,595 shares of the computer maker’s stock worth $683,000 after buying an additional 818 shares during the period. Finally, My Legacy Advisors LLC increased its stake in shares of HP by 18.2% in the third quarter. My Legacy Advisors LLC now owns 13,100 shares of the computer maker’s stock worth $346,000 after buying an additional 2,020 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the sale, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the sale, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The disclosure for this sale can be found here. Insiders have sold 116,723 shares of company stock valued at $3,479,287 in the last three months. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several analyst reports. Barclays lifted their target price on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, HSBC raised shares of HP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.11.

HP Stock Down 0.5 %

NYSE:HPQ opened at $28.00 on Friday. The stock has a market cap of $27.46 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The firm’s fifty day simple moving average is $29.27 and its 200 day simple moving average is $28.85. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. The firm had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts expect that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio is presently 32.16%.

HP Company 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.