HP Inc. (NYSE:HPQ) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in HP Inc. (NYSE:HPQ) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,014 shares of the computer maker’s stock after selling 1,634 shares during the period. Private Advisor Group LLC’s holdings in HP were worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HPQ. State Street Corp raised its position in shares of HP by 8.2% in the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock worth $1,871,046,000 after buying an additional 3,923,161 shares during the period. Geode Capital Management LLC raised its position in shares of HP by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock worth $885,877,000 after buying an additional 2,477,977 shares during the period. Pacer Advisors Inc. raised its position in shares of HP by 4.2% in the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker’s stock worth $482,164,000 after buying an additional 592,391 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of HP by 7.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,581,422 shares of the computer maker’s stock worth $307,816,000 after buying an additional 612,675 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of HP by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,743,122 shares of the computer maker’s stock worth $241,876,000 after buying an additional 678,985 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,035 shares of company stock valued at $9,670,068. Insiders own 0.41% of the company’s stock.

HP Stock Down 1.0 %

NYSE:HPQ opened at $33.76 on Thursday. The company has a market cap of $31.66 billion, a PE ratio of 12.01, a P/E/G ratio of 2.96 and a beta of 1.05. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The business’s 50 day moving average is $33.14 and its two-hundred day moving average is $34.87.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 40.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HPQ shares. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. Citigroup reduced their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.68.

About HP

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.