Blair William & Co. IL Grows Position in HP Inc. (NYSE:HPQ)

Blair William & Co. IL raised its position in HP Inc. (NYSE:HPQ) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,726 shares of the computer maker’s stock after purchasing an additional 370 shares during the quarter. Blair William & Co. IL’s holdings in HP were worth $6,713,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC bought a new stake in shares of HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in HP in the fourth quarter worth $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the third quarter worth $40,000. OFI Invest Asset Management purchased a new stake in shares of HP during the fourth quarter valued at $37,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of HP in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $27.90 on Friday. The company’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $33.98. HP Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $39.80. The stock has a market capitalization of $26.30 billion, a P/E ratio of 9.93, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, research 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 paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen reduced their price objective on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Morgan Stanley lowered their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Wells Fargo & Company raised their price target on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, Loop Capital lowered their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HP presently has an average rating of “Hold” and an average target price of $36.14.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anneliese Olson sold 21,545 shares of the business’s stock in a transaction on 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. This trade represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,191 shares of company stock valued at $1,425,051. 0.38% of the stock is currently owned by corporate insiders.

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.