HP Inc. (NYSE:HPQ) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its position in HP Inc. (NYSE:HPQ) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,246 shares of the computer maker’s stock after selling 1,181 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in HP were worth $3,467,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in HP by 7.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,509,426 shares of the computer maker’s stock worth $50,022,000 after purchasing an additional 99,983 shares during the period. TIAA Trust National Association raised its holdings in shares of HP by 1.8% in the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker’s stock worth $548,000 after acquiring an additional 302 shares during the last quarter. Modern Wealth Management LLC purchased a new position in HP in the 4th quarter valued at about $1,422,000. Barnett & Company Inc. boosted its position in HP by 0.5% during the fourth quarter. Barnett & Company Inc. now owns 102,008 shares of the computer maker’s stock worth $3,329,000 after acquiring an additional 458 shares during the last quarter. Finally, United Services Automobile Association grew its position in shares of HP by 0.4% in the fourth quarter. United Services Automobile Association now owns 199,976 shares of the computer maker’s stock valued at $6,525,000 after purchasing an additional 881 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ opened at $27.90 on Friday. The stock has a market capitalization of $26.30 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The business’s fifty day moving average price is $31.48 and its 200 day moving average price is $33.98. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80.

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

HP Dividend Announcement

The business also recently disclosed 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 is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.15%. HP’s dividend payout ratio is currently 41.37%.

Insider Buying and Selling

In related news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now directly owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. 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 15,646 shares of HP stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Insiders sold a total of 48,191 shares of company stock worth $1,425,051 in the last three months. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HPQ has been the topic of several research analyst reports. Morgan Stanley decreased their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Barclays boosted their price objective on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. StockNews.com raised HP from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Hsbc Global Res downgraded 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 issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.14.

About HP

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.