B. Metzler seel. Sohn & Co. AG Reduces Stock Position in HP Inc. (NYSE:HPQ)

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of HP Inc. (NYSE:HPQ) by 22.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,691 shares of the computer maker’s stock after selling 22,456 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in HP were worth $2,535,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HPQ. TIAA Trust National Association boosted its position in shares of HP by 1.8% during the 4th quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker’s stock valued at $548,000 after acquiring an additional 302 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in HP by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker’s stock valued at $374,000 after purchasing an additional 306 shares during the last quarter. Auxano Advisors LLC grew its stake in shares of HP by 3.7% in the 4th quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock valued at $282,000 after buying an additional 310 shares during the period. Wedmont Private Capital increased its holdings in shares of HP by 2.6% during the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock worth $420,000 after buying an additional 316 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in shares of HP by 2.7% during the 4th quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker’s stock valued at $400,000 after buying an additional 319 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares of the company’s stock, valued at $4,814.81. The trade was a 99.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

HP Trading Up 0.4 %

Shares of NYSE HPQ opened at $27.80 on Wednesday. The stock has a market cap of $26.20 billion, a P/E ratio of 9.89, a PEG ratio of 2.96 and a beta of 1.09. The business’s fifty day simple moving average is $31.28 and its 200-day simple moving average is $33.91. HP Inc. has a 12-month low of $27.30 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, meeting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. On average, equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.16%. HP’s payout ratio is 41.37%.

Analyst Ratings Changes

Several equities research analysts have issued reports on HPQ shares. Morgan Stanley cut their target price on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. TD Cowen cut their price objective on HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Loop Capital decreased their target price on shares of 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 shares of HP from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. Finally, Sanford C. Bernstein increased their price objective 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 research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, HP has an average rating of “Hold” and a consensus price target of $36.14.

HP Company 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.