HP Inc. (NYSE:HPQ) Stock Position Increased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its position in shares of HP Inc. (NYSE:HPQ) by 27.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,703 shares of the computer maker’s stock after buying an additional 2,105 shares during the quarter. Summit Trail Advisors LLC’s holdings in HP were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bristlecone Advisors LLC acquired a new position in HP in the fourth quarter worth approximately $324,000. Wingate Wealth Advisors Inc. bought a new stake in shares of HP during the 4th quarter worth $50,000. Savant Capital LLC grew its holdings in shares of HP by 3.1% in the 4th quarter. Savant Capital LLC now owns 40,380 shares of the computer maker’s stock worth $1,318,000 after acquiring an additional 1,230 shares during the last quarter. Angeles Wealth Management LLC raised its position in shares of HP by 54.8% during the fourth quarter. Angeles Wealth Management LLC now owns 10,268 shares of the computer maker’s stock worth $335,000 after purchasing an additional 3,637 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of HP by 1,314.6% during the fourth quarter. Stephens Inc. AR now owns 226,255 shares of the computer maker’s stock valued at $7,383,000 after purchasing an additional 210,261 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Enrique Lores sold 137,094 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was 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 owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HPQ. TD Cowen lifted their price target on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein upped their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays boosted their target price on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. decreased their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus target price of $36.23.

HP Trading Down 0.3 %

HPQ opened at $33.04 on Thursday. The stock has a fifty day moving average price of $33.34 and a 200 day moving average price of $34.88. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The stock has a market cap of $30.98 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 2.78 and a beta of 1.05.

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, meeting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the company earned $0.90 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid 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 dividend yield of 3.50%. HP’s dividend payout ratio (DPR) is 41.28%.

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.