HP Inc. (NYSE:HPQ) Shares Purchased by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV increased its stake in shares of HP Inc. (NYSE:HPQ) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 59,039 shares of the computer maker’s stock after acquiring an additional 1,444 shares during the period. Mainstay Capital Management LLC ADV’s holdings in HP were worth $1,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPQ. State Street Corp increased its holdings in HP by 8.2% during the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock worth $1,871,046,000 after purchasing an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC grew its stake in HP by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock worth $885,877,000 after buying an additional 2,477,977 shares during the last quarter. KBC Group NV grew its stake in HP by 145.1% during the 4th quarter. KBC Group NV now owns 3,555,989 shares of the computer maker’s stock worth $116,031,000 after buying an additional 2,105,104 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in HP during the 4th quarter worth $65,260,000. Finally, Pacer Advisors Inc. boosted its position in HP by 11.4% during the 3rd quarter. Pacer Advisors Inc. now owns 14,184,306 shares of the computer maker’s stock worth $508,791,000 after acquiring an additional 1,455,138 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Trading Down 0.3 %

Shares of HPQ stock opened at $34.63 on Monday. The stock has a 50 day moving average of $33.10 and a two-hundred day moving average of $34.86. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The company has a market capitalization of $32.48 billion, a P/E ratio of 12.32, a P/E/G ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (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 analysts’ expectations of $13.99 billion. During the same period in the prior year, the firm posted $0.90 EPS. HP’s quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. HP’s dividend payout ratio is 40.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on HPQ shares. Barclays boosted their price target on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein boosted their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Citigroup cut their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday. One 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. According to MarketBeat, HP currently has an average rating of “Hold” and a consensus target price of $36.68.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex Cho sold 10,298 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 in the last three months. Corporate insiders own 0.41% of the company’s stock.

About HP

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.