AustralianSuper Pty Ltd Has $140.51 Million Stake in HP Inc. (NYSE:HPQ)

AustralianSuper Pty Ltd boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,306,085 shares of the computer maker’s stock after buying an additional 107,009 shares during the quarter. AustralianSuper Pty Ltd owned about 0.46% of HP worth $140,508,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in HP during the third quarter valued at about $25,000. Synergy Asset Management LLC bought a new stake in HP during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in HP during the fourth quarter valued at about $31,000. Wolff Wiese Magana LLC boosted its holdings in HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after acquiring an additional 518 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in HP during the third quarter valued at about $40,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Up 1.2 %

Shares of HPQ opened at $33.69 on Friday. The stock has a market cap of $31.59 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 2.78 and a beta of 1.05. The company has a 50-day moving average price of $33.22 and a two-hundred day moving average price of $34.85. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79.

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

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 3.44%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s payout ratio is 41.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HPQ shares. Barclays upped their price target on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Sanford C. Bernstein increased their target price 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. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. HSBC cut shares of HP from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Finally, TD Cowen increased their target price 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 investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.23.

Insider Transactions at HP

In related news, 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 of the company’s stock, valued at $2,219,680.32. This trade represents a 13.74 % 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 firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $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. Corporate 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.