HP Inc. (NYSE:HPQ) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 35.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,590 shares of the computer maker’s stock after selling 20,329 shares during the quarter. Mediolanum International Funds Ltd’s holdings in HP were worth $1,224,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HPQ. First Affirmative Financial Network increased its stake in shares of HP by 9.1% during the fourth quarter. First Affirmative Financial Network now owns 9,081 shares of the computer maker’s stock worth $296,000 after buying an additional 759 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of HP during the fourth quarter worth approximately $26,000. Milestone Asset Management LLC increased its stake in shares of HP by 39.8% during the fourth quarter. Milestone Asset Management LLC now owns 56,786 shares of the computer maker’s stock worth $1,853,000 after buying an additional 16,173 shares during the period. Foster & Motley Inc. increased its stake in shares of HP by 1.1% during the fourth quarter. Foster & Motley Inc. now owns 230,564 shares of the computer maker’s stock worth $7,523,000 after buying an additional 2,450 shares during the period. Finally, Swedbank AB increased its stake in shares of HP by 2.1% during the fourth quarter. Swedbank AB now owns 699,065 shares of the computer maker’s stock worth $22,810,000 after buying an additional 14,555 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction on 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 owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 over the last three months. 0.41% of the stock is currently owned by company insiders.

HP Trading Down 0.9 %

HPQ stock opened at $32.51 on Monday. The company has a market capitalization of $30.48 billion, a P/E ratio of 11.57, a PEG 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 business has a 50 day simple moving average of $33.92 and a 200-day simple moving average of $35.13.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period last year, the company earned $0.90 earnings per share. The company’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 fiscal year.

HP Announces Dividend

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 dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is presently 41.28%.

Wall Street Analyst Weigh In

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

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.