Loomis Sayles & Co. L P Has $47,000 Position in HP Inc. (NYSE:HPQ)

Loomis Sayles & Co. L P lessened its position in HP Inc. (NYSE:HPQ) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,435 shares of the computer maker’s stock after selling 384 shares during the quarter. Loomis Sayles & Co. L P’s holdings in HP were worth $47,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Amundi raised its holdings in shares of HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after purchasing an additional 899,349 shares during the last quarter. Principal Financial Group Inc. increased its stake in HP by 16.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after buying an additional 160,268 shares during the last quarter. Oak Thistle LLC lifted its position in HP by 169.3% during the 4th quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock worth $1,132,000 after buying an additional 21,805 shares in the last quarter. Tidal Investments LLC lifted its position in HP by 47.5% during the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock worth $5,259,000 after buying an additional 47,230 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of HP by 35.0% during the 3rd quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock worth $2,243,000 after buying an additional 16,207 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $27.90 on Monday. The firm’s 50-day simple moving average is $31.48 and its 200 day simple moving average is $33.98. The firm has a market cap of $26.30 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 4.15%. HP’s payout ratio is presently 41.37%.

Insider Activity at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, the insider now owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HPQ has been the topic of several analyst reports. Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research note on Thursday. TD Cowen decreased their target price on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Loop Capital dropped their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley decreased their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.