HP Inc. (NYSE:HPQ) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of HP Inc. (NYSE:HPQ) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,723 shares of the computer maker’s stock after buying an additional 1,831 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in HP were worth $3,548,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of HP during the 3rd quarter valued at approximately $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the fourth quarter worth $26,000. Wolff Wiese Magana LLC lifted its position in shares of HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after buying an additional 518 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of HP in the 3rd quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of HP during the 3rd quarter valued at about $40,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The shares were 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 $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. This represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 %

Shares of NYSE HPQ opened at $32.26 on Monday. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The business has a fifty day simple moving average of $33.49 and a 200-day simple moving average of $34.94. The company has a market cap of $30.25 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.78 and a beta of 1.05.

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, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. HP’s revenue for the quarter was up 1.7% compared to the same quarter last year. 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 announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.59%. HP’s payout ratio is 40.93%.

Analysts Set New Price Targets

A number of equities analysts have commented on HPQ shares. Sanford C. Bernstein lifted their target price on 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 target price on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. HSBC downgraded shares of 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. Barclays raised their price target on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, TD Cowen lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus price target of $36.23.

HP Company 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.