HP Inc. (NYSE:HPQ) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lowered its position in HP Inc. (NYSE:HPQ) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,616 shares of the computer maker’s stock after selling 750 shares during the period. Tiemann Investment Advisors LLC’s holdings in HP were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HPQ. Van ECK Associates Corp boosted its stake in shares of HP by 6.0% in the third quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker’s stock valued at $1,346,000 after buying an additional 2,139 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in HP in the third quarter valued at $247,000. Principal Financial Group Inc. boosted its position in shares of HP by 16.1% during the 3rd 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 in the last quarter. Assetmark Inc. grew its stake in shares of HP by 40.8% during the 3rd quarter. Assetmark Inc. now owns 132,269 shares of the computer maker’s stock worth $4,745,000 after purchasing an additional 38,331 shares during the period. Finally, Atria Investments Inc grew its stake in shares of HP by 8.2% during the 3rd quarter. Atria Investments Inc now owns 61,848 shares of the computer maker’s stock worth $2,218,000 after purchasing an additional 4,712 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Kristen M. Ludgate sold 74,356 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares in the company, valued at approximately $1,933,898.67. This represents a 56.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alex Cho sold 40,287 shares of HP stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the completion of the sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,250,724.80. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,643 shares of company stock worth $4,319,565 over the last quarter. 0.38% of the stock is currently owned by insiders.

HP Trading Up 2.0 %

HP stock opened at $30.56 on Monday. The stock has a 50-day moving average price of $32.76 and a 200 day moving average price of $34.65. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The stock has a market cap of $28.80 billion, a PE ratio of 10.87, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, equities analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is presently 41.37%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HPQ. Loop Capital reduced their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley reduced their price target 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. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company raised their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.14.

HP Company 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.