HP Inc. (NYSE:HPQ) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its position in HP Inc. (NYSE:HPQ) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,366 shares of the computer maker’s stock after buying an additional 917 shares during the quarter. V Square Quantitative Management LLC’s holdings in HP were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HPQ. Exchange Traded Concepts LLC raised its position in shares of HP by 952.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,858 shares of the computer maker’s stock worth $461,000 after buying an additional 11,636 shares during the period. Creative Planning raised its position in shares of HP by 5.3% in the 3rd quarter. Creative Planning now owns 225,129 shares of the computer maker’s stock worth $8,075,000 after buying an additional 11,240 shares during the period. Wolff Wiese Magana LLC raised 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 period. Bleakley Financial Group LLC raised its position in shares of HP by 5.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 19,716 shares of the computer maker’s stock worth $707,000 after buying an additional 1,060 shares during the period. Finally, Ellsworth Advisors LLC raised its position in shares of HP by 15.5% in the 3rd quarter. Ellsworth Advisors LLC now owns 39,477 shares of the computer maker’s stock worth $1,416,000 after buying an additional 5,303 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of NYSE HPQ opened at $33.69 on Friday. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The firm has a market cap of $31.59 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.78 and a beta of 1.05. The stock’s 50-day simple moving average is $33.22 and its 200-day simple moving average is $34.85.

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

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid 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 3.44%. HP’s dividend payout ratio (DPR) is 41.28%.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred 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 transaction, the insider now owns 6,277 shares of the company’s stock, 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 three months, insiders sold 273,035 shares of company stock worth $9,670,068. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HPQ has been the topic of several research reports. Citigroup cut 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. Sanford C. Bernstein raised their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. TD Cowen raised their price objective on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. HSBC lowered HP from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Barclays raised their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, HP has a consensus 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.