Commonwealth Equity Services LLC Has $27.17 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Commonwealth Equity Services LLC boosted its stake in shares of HP Inc. (NYSE:HPQ) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 902,790 shares of the computer maker’s stock after buying an additional 8,408 shares during the period. Commonwealth Equity Services LLC’s holdings in HP were worth $27,165,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of HP by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 550,059 shares of the computer maker’s stock worth $16,551,000 after acquiring an additional 9,956 shares during the period. Fisher Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth about $498,000. First Trust Direct Indexing L.P. boosted its position in shares of HP by 33.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 28,412 shares of the computer maker’s stock worth $855,000 after buying an additional 7,089 shares during the period. Brighton Jones LLC grew its holdings in shares of HP by 7.1% during the fourth quarter. Brighton Jones LLC now owns 21,964 shares of the computer maker’s stock worth $661,000 after buying an additional 1,456 shares in the last quarter. Finally, Auxano Advisors LLC acquired a new stake in HP in the 4th quarter valued at approximately $233,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ stock opened at $28.18 on Monday. The company has a fifty day moving average price of $29.20 and a two-hundred day moving average price of $28.92. HP Inc. has a one year low of $25.22 and a one year high of $33.90. The stock has a market cap of $27.64 billion, a P/E ratio of 8.24, a P/E/G ratio of 2.36 and a beta of 1.06.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.81. The company 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%. HP’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts anticipate that HP Inc. will post 3.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Barclays raised their target price on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th. Finally, HSBC raised shares of HP from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. One 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Insider Transactions at HP

In related news, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction on 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 sale, the insider now owns 56,169 shares in the company, valued at approximately $1,642,381.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 56,169 shares in the company, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. In the last three months, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is owned by company insiders.

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.