HP Inc. (NYSE:HPQ) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in HP Inc. (NYSE:HPQ) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,435 shares of the computer maker’s stock after selling 5,047 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HP were worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp lifted its stake in HP by 8.2% during the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock valued at $1,871,046,000 after buying an additional 3,923,161 shares in the last quarter. Geode Capital Management LLC lifted its stake in HP by 11.1% during the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock valued at $885,877,000 after buying an additional 2,477,977 shares in the last quarter. KBC Group NV lifted its stake in HP by 145.1% during the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock valued at $116,031,000 after buying an additional 2,105,104 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in HP during the fourth quarter valued at about $65,260,000. Finally, Pacer Advisors Inc. lifted its stake in HP by 11.4% during the third quarter. Pacer Advisors Inc. now owns 14,184,306 shares of the computer maker’s stock valued at $508,791,000 after buying an additional 1,455,138 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HPQ shares. JPMorgan Chase & Co. reduced their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Citigroup reduced their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. TD Cowen reduced their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Morgan Stanley reduced their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Finally, Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, HP has a consensus rating of “Hold” and a consensus price target of $36.14.

HP Stock Performance

NYSE:HPQ opened at $29.60 on Thursday. The stock’s 50 day moving average price is $32.88 and its 200 day moving average price is $34.72. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The company has a market capitalization of $27.91 billion, a P/E ratio of 10.53, a P/E/G ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.91%. HP’s dividend payout ratio is currently 41.37%.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 40,287 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the transaction, the insider now owns 64,676 shares in the company, valued at $2,250,724.80. This trade represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,737 shares of company stock worth $9,316,641. Insiders own 0.41% of the company’s stock.

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.