First Affirmative Financial Network Grows Stock Holdings in HP Inc. (NYSE:HPQ)

First Affirmative Financial Network grew its holdings in shares of HP Inc. (NYSE:HPQ) by 9.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,081 shares of the computer maker’s stock after acquiring an additional 759 shares during the period. First Affirmative Financial Network’s holdings in HP were worth $296,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HPQ. Ashton Thomas Securities LLC purchased a new position in HP in the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC purchased a new position in HP in the 4th quarter worth approximately $26,000. Wolff Wiese Magana LLC raised its holdings 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 acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in HP in the 3rd quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. purchased a new position in HP in the 3rd quarter worth approximately $40,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HPQ shares. 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. TD Cowen lifted their target price on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.23.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the business’s 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 completion of the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,035 shares of company stock valued at $9,670,068. Company insiders own 0.41% of the company’s stock.

HP Price Performance

Shares of HPQ stock opened at $32.81 on Friday. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The firm has a fifty day moving average price of $34.14 and a 200-day moving average price of $35.20. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The company 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%. HP’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities research analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 3.53%. HP’s dividend payout ratio is currently 41.28%.

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.