TD Private Client Wealth LLC Cuts Stock Position in HP Inc. (NYSE:HPQ)

TD Private Client Wealth LLC lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,794 shares of the computer maker’s stock after selling 911 shares during the period. TD Private Client Wealth LLC’s holdings in HP were worth $1,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Thrivent Financial for Lutherans grew its holdings in HP by 10.9% during the third quarter. Thrivent Financial for Lutherans now owns 64,228 shares of the computer maker’s stock worth $2,303,000 after acquiring an additional 6,299 shares during the period. Citizens Financial Group Inc. RI grew its holdings in HP by 4.3% during the third quarter. Citizens Financial Group Inc. RI now owns 13,239 shares of the computer maker’s stock worth $479,000 after acquiring an additional 544 shares during the period. King Luther Capital Management Corp grew its holdings in HP by 3.2% during the third quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock worth $346,000 after acquiring an additional 303 shares during the period. Intech Investment Management LLC grew its holdings in HP by 0.6% during the third quarter. Intech Investment Management LLC now owns 163,510 shares of the computer maker’s stock worth $5,865,000 after acquiring an additional 923 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in HP by 11.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,743,122 shares of the computer maker’s stock worth $241,876,000 after acquiring an additional 678,985 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HPQ has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. StockNews.com raised HP from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Sanford C. Bernstein upped their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, Loop Capital lowered their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.14.

HP Stock Up 0.4 %

HPQ opened at $28.63 on Friday. The firm has a market cap of $26.98 billion, a P/E ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The business’s fifty day simple moving average is $31.88 and its 200 day simple moving average is $34.18.

HP (NYSE:HPQ) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.04%. HP’s dividend payout ratio (DPR) is presently 41.37%.

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.