Klein Pavlis & Peasley Financial Inc. Has $3.11 Million Stock Position in HP Inc. (NYSE:HPQ)

Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,440 shares of the computer maker’s stock after acquiring an additional 6,290 shares during the period. HP makes up 2.5% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 13th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in HP were worth $3,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in shares of HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock worth $41,391,000 after purchasing an additional 160,268 shares during the last quarter. Tidal Investments LLC raised its position in HP by 47.5% in the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after buying an additional 47,230 shares during the last quarter. Oak Thistle LLC lifted its stake in HP by 169.3% during the 4th quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock valued at $1,132,000 after acquiring an additional 21,805 shares in the last quarter. MML Investors Services LLC boosted its holdings in 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 acquiring an additional 16,207 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in HP by 4.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker’s stock worth $14,581,000 after acquiring an additional 18,557 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPQ. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Sanford C. Bernstein lifted their target price on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Barclays lifted their price target on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, TD Cowen upped their price objective on 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 assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.23.

HP Price Performance

Shares of NYSE HPQ opened at $32.55 on Thursday. The stock has a market capitalization of $30.53 billion, a PE ratio of 11.58, a P/E/G ratio of 2.77 and a beta of 1.05. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The business’s fifty day moving average price is $33.59 and its 200-day moving average price is $35.02.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. 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 3.56%. HP’s payout ratio is 41.28%.

Insider Transactions at HP

In related news, insider Kristen M. Ludgate sold 74,356 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the sale, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last three months. Company 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.