Caisse Des Depots ET Consignations Makes New $513,000 Investment in HP Inc. (NYSE:HPQ)

Caisse Des Depots ET Consignations purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,707 shares of the computer maker’s stock, valued at approximately $513,000.

A number of other hedge funds have also modified their holdings of HPQ. Thrivent Financial for Lutherans increased its position in HP by 10.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,228 shares of the computer maker’s stock worth $2,303,000 after purchasing an additional 6,299 shares during the last quarter. DRW Securities LLC acquired a new position in HP in the third quarter worth approximately $207,000. The Manufacturers Life Insurance Company raised its position in HP by 8.6% during the third quarter. The Manufacturers Life Insurance Company now owns 786,641 shares of the computer maker’s stock valued at $28,217,000 after acquiring an additional 62,346 shares in the last quarter. Townsquare Capital LLC lifted its stake in HP by 72.6% in the third quarter. Townsquare Capital LLC now owns 14,725 shares of the computer maker’s stock valued at $528,000 after acquiring an additional 6,192 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in HP by 201.7% in the third quarter. Glenmede Trust Co. NA now owns 480,829 shares of the computer maker’s stock worth $17,247,000 after acquiring an additional 321,455 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 11,000 shares of the 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 transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a research note on Thursday. TD Cowen lowered 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. HSBC lowered HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Sanford C. Bernstein lifted 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. Finally, Morgan Stanley decreased their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HP presently has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Trading Down 0.1 %

Shares of HPQ stock opened at $28.68 on Friday. HP Inc. has a 12 month low of $27.43 and a 12 month high of $39.80. The company has a market capitalization of $27.03 billion, a P/E ratio of 10.20, a P/E/G ratio of 2.96 and a beta of 1.09. The stock has a 50 day moving average of $31.57 and a two-hundred day moving average of $34.02.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share 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 firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. Sell-side analysts predict 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. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is 41.37%.

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.