HP Inc. (NYSE:HPQ) Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC grew its position in HP Inc. (NYSE:HPQ) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,596 shares of the computer maker’s stock after purchasing an additional 1,875 shares during the period. HB Wealth Management LLC’s holdings in HP were worth $2,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Ashton Thomas Securities LLC bought a new position in HP in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC grew its position in 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 purchasing an additional 518 shares during the last quarter. ORG Wealth Partners LLC bought a new position in HP in the 3rd quarter worth about $37,000. Itau Unibanco Holding S.A. bought a new position in HP in the 3rd quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP in the 3rd quarter worth about $44,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other HP news, insider Alex Cho sold 10,298 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now owns 64,676 shares in the company, valued at $2,219,680.32. This represents a 13.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is owned by corporate insiders.

HP Stock Performance

Shares of NYSE:HPQ opened at $32.53 on Monday. The stock has a market capitalization of $30.51 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.83 and a beta of 1.05. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The company has a 50 day moving average price of $34.78 and a 200 day moving average price of $35.35.

HP (NYSE:HPQ) last issued its quarterly earnings results 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 during 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 firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. On average, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, December 11th. This is an increase from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio is 40.93%.

Analyst Ratings Changes

HPQ has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. TD Cowen increased their price objective on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. HSBC cut shares of HP from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. Citigroup decreased their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.