Human Investing LLC Has $816,000 Holdings in HP Inc. (NYSE:HPQ)

Human Investing LLC lowered its stake in shares of HP Inc. (NYSE:HPQ) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,736 shares of the computer maker’s stock after selling 834 shares during the quarter. Human Investing LLC’s holdings in HP were worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC bought a new position in shares of HP in the 2nd quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in HP in the second quarter valued at approximately $34,000. Wolff Wiese Magana LLC grew its holdings in HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of HP during the 3rd quarter valued at $37,000. Finally, DecisionPoint Financial LLC acquired a new position in shares of HP in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

HPQ stock traded up $0.66 during trading hours on Friday, reaching $36.18. 966,732 shares of the stock were exchanged, compared to its average volume of 7,758,993. The firm’s 50-day moving average is $35.64 and its 200-day moving average is $34.30. HP Inc. has a 12 month low of $26.67 and a 12 month high of $39.52. The company has a market cap of $34.87 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 2.66 and a beta of 1.07.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). The firm had revenue of $13.52 billion for the quarter, compared to the consensus estimate of $13.37 billion. HP had a negative return on equity of 266.37% and a net margin of 5.33%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. As a group, equities research analysts forecast that HP Inc. will post 3.39 earnings per share for the current year.

HP declared that its board has authorized a share buyback plan on Wednesday, August 28th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the computer maker to purchase up to 28.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HPQ shares. Barclays dropped their price objective on HP from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Citigroup downgraded shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Tuesday, October 1st. Morgan Stanley reduced their price objective on shares of HP from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 29th. UBS Group upped their target price on shares of HP from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Bank of America cut shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.55.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 211,501 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $33.16, for a total value of $7,013,373.16. Following the completion of the transaction, the chief executive officer now owns 3 shares of the company’s stock, valued at approximately $99.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by 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.