HP Inc. (NYSE:HPQ) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,968 shares of the computer maker’s stock after acquiring an additional 2,081 shares during the quarter. Howard Capital Management Inc.’s holdings in HP were worth $4,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Foundations Investment Advisors LLC increased its stake in HP by 26.3% during the third quarter. Foundations Investment Advisors LLC now owns 9,038 shares of the computer maker’s stock worth $324,000 after acquiring an additional 1,884 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in HP by 3.7% during the third quarter. Sequoia Financial Advisors LLC now owns 23,413 shares of the computer maker’s stock worth $840,000 after acquiring an additional 832 shares during the last quarter. International Assets Investment Management LLC increased its stake in HP by 2,201.9% during the third quarter. International Assets Investment Management LLC now owns 107,820 shares of the computer maker’s stock worth $38,680,000 after acquiring an additional 103,136 shares during the last quarter. Grimes & Company Inc. acquired a new stake in shares of HP in the third quarter valued at $205,000. Finally, IFM Investors Pty Ltd grew its stake in shares of HP by 0.8% in the third quarter. IFM Investors Pty Ltd now owns 214,297 shares of the computer maker’s stock valued at $7,687,000 after buying an additional 1,735 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 0.3 %

NYSE:HPQ opened at $34.63 on Friday. The firm has a market cap of $32.48 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The stock has a fifty day moving average price of $33.10 and a 200 day moving average price of $34.84. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 negative return on equity of 253.39% and a net margin of 5.18%. HP’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. Equities analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

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 issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 40.93%.

Insiders Place Their Bets

In other news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was 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 directly owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was 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 in the last ninety days. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. TD Cowen lifted 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. HSBC cut HP from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Barclays lifted their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.68.

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.