Apollon Wealth Management LLC Grows Stake in HP Inc. (NYSE:HPQ)

Apollon Wealth Management LLC boosted its stake in HP Inc. (NYSE:HPQ) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,177 shares of the computer maker’s stock after buying an additional 501 shares during the quarter. Apollon Wealth Management LLC’s holdings in HP were worth $691,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HPQ. CWM LLC boosted its stake in shares of HP by 9.4% in the third quarter. CWM LLC now owns 41,014 shares of the computer maker’s stock worth $1,471,000 after acquiring an additional 3,513 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in HP by 952.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,858 shares of the computer maker’s stock valued at $461,000 after purchasing an additional 11,636 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in HP during the 3rd quarter worth $37,000. Creative Planning grew its holdings in shares of HP by 5.3% during the third quarter. Creative Planning now owns 225,129 shares of the computer maker’s stock worth $8,075,000 after buying an additional 11,240 shares in the last quarter. Finally, Swedbank AB raised its position in shares of HP by 0.3% in the third quarter. Swedbank AB now owns 684,510 shares of the computer maker’s stock valued at $24,553,000 after buying an additional 1,811 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 over the last ninety days. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Barclays boosted their target price on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. HSBC cut HP from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. Citigroup lowered their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Finally, Sanford C. Bernstein raised their target price on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.23.

HP Trading Down 0.3 %

NYSE HPQ opened at $33.04 on Thursday. The stock has a market cap of $30.98 billion, a PE ratio of 11.76, a P/E/G ratio of 2.78 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The stock has a fifty day simple moving average of $33.34 and a 200-day simple moving average of $34.88.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 41.28%.

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.