Bailard Inc. Acquires 357 Shares of HP Inc. (NYSE:HPQ)

Bailard Inc. boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,993 shares of the computer maker’s stock after acquiring an additional 357 shares during the quarter. Bailard Inc.’s holdings in HP were worth $685,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in HP during the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC bought a new stake in shares of HP in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP in the 3rd quarter valued at about $44,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HPQ. Barclays upped their price target on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. JPMorgan Chase & Co. reduced their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Citigroup reduced their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, HP has an average rating of “Hold” and a consensus target price of $36.59.

HP Stock Performance

Shares of NYSE:HPQ opened at $30.03 on Tuesday. The business’s 50 day simple moving average is $33.04 and its two-hundred day simple moving average is $34.80. The firm has a market cap of $28.32 billion, a P/E ratio of 10.69, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79.

HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. On average, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 41.37%.

Insider Activity

In other news, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the transaction, the insider now owns 56,169 shares in the company, valued at $1,933,898.67. This represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 262,737 shares of company stock worth $9,316,641 over the last 90 days. 0.41% of the stock is currently owned by corporate 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.