Northwest & Ethical Investments L.P. Acquires 29,080 Shares of HP Inc. (NYSE:HPQ)

Northwest & Ethical Investments L.P. lifted its holdings in HP Inc. (NYSE:HPQ) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,168 shares of the computer maker’s stock after acquiring an additional 29,080 shares during the period. Northwest & Ethical Investments L.P.’s holdings in HP were worth $9,729,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HPQ. Mutual of America Capital Management LLC raised its position in shares of HP by 10.7% during the third quarter. Mutual of America Capital Management LLC now owns 120,482 shares of the computer maker’s stock valued at $4,322,000 after buying an additional 11,644 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in HP by 10.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,228 shares of the computer maker’s stock valued at $2,303,000 after acquiring an additional 6,299 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in HP by 26.5% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 15,691 shares of the computer maker’s stock valued at $563,000 after acquiring an additional 3,287 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in HP in the 3rd quarter worth $3,592,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of HP by 1.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 412,372 shares of the computer maker’s stock valued at $14,792,000 after purchasing an additional 4,028 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.9 %

Shares of NYSE:HPQ opened at $28.52 on Friday. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 12 month low of $27.43 and a 12 month high of $39.80. The firm’s 50-day moving average is $31.97 and its 200 day moving average is $34.24.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. As a group, equities analysts forecast 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. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is currently 41.37%.

Insider Transactions at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated 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 $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of a number of research analyst reports. HSBC downgraded HP from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley cut their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein upped 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. Finally, Loop Capital lowered their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, HP currently has a consensus rating of “Hold” and an average target price of $36.14.

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.