HP Inc. (NYSE:HPQ) Shares Sold by Prairiewood Capital LLC

Prairiewood Capital LLC decreased its stake in shares of HP Inc. (NYSE:HPQ) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,941 shares of the computer maker’s stock after selling 1,876 shares during the period. HP accounts for 0.7% of Prairiewood Capital LLC’s portfolio, making the stock its 26th largest position. Prairiewood Capital LLC’s holdings in HP were worth $1,564,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of HP by 16.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after purchasing an additional 160,268 shares in the last quarter. Tidal Investments LLC lifted its position in HP by 47.5% during the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after buying an additional 47,230 shares in the last quarter. Oak Thistle LLC grew its stake in HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock worth $1,132,000 after buying an additional 21,805 shares during the period. MML Investors Services LLC grew its stake in HP by 35.0% during the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock worth $2,243,000 after buying an additional 16,207 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of HP by 25.2% in the third quarter. Franklin Resources Inc. now owns 1,007,270 shares of the computer maker’s stock worth $37,712,000 after acquiring an additional 202,613 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other HP news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the transaction, the insider now owns 64,676 shares of the company’s stock, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value 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. The trade was a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 over the last 90 days. 0.41% of the stock is owned by company insiders.

HP Price Performance

NYSE HPQ opened at $32.53 on Tuesday. The company’s fifty day moving average price is $34.78 and its two-hundred day moving average price is $35.35. The company has a market capitalization of $30.51 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $13.99 billion. During the same period last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a dividend of $0.2894 per share. This is a positive change from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, December 11th. HP’s dividend payout ratio is currently 41.28%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $38.00 in a report on Friday, November 29th. TD Cowen upped their target price on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Citigroup decreased their price target on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HP has a consensus rating of “Hold” and an average price target of $36.23.

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.