Advisory Alpha LLC Acquires 1,047 Shares of HP Inc. (NYSE:HPQ)

Advisory Alpha LLC lifted its holdings in HP Inc. (NYSE:HPQ) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,922 shares of the computer maker’s stock after acquiring an additional 1,047 shares during the period. Advisory Alpha LLC’s holdings in HP were worth $389,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in HP in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC boosted its position in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in HP during the third quarter valued at $37,000. Itau Unibanco Holding S.A. bought a new stake in HP in the 3rd quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HP in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPQ. Bank of America cut HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Citigroup cut their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Finally, Sanford C. Bernstein lifted their price objective on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus price target of $36.23.

Insider Activity

In related news, insider Alex Cho sold 10,298 shares of HP stock in a transaction dated Friday, November 29th. The stock was 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 directly owns 64,676 shares in the company, valued at $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 273,035 shares of company stock valued at $9,670,068. Corporate insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $33.15 on Thursday. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The company has a market cap of $31.09 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.77 and a beta of 1.05. The business’s 50 day moving average price is $34.60 and its 200-day moving average price is $35.32.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. Sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a dividend of $0.2894 per share. The ex-dividend date was Wednesday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.49%. 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.