SRS Capital Advisors Inc. Has $231,000 Stake in HP Inc. (NYSE:HPQ)

SRS Capital Advisors Inc. increased its holdings in shares of HP Inc. (NYSE:HPQ) by 433.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,067 shares of the computer maker’s stock after purchasing an additional 5,741 shares during the quarter. SRS Capital Advisors Inc.’s holdings in HP were worth $231,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC acquired a new stake in HP in the third quarter valued at $25,000. Synergy Asset Management LLC acquired a new stake in HP in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in HP in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new stake in HP in the third quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HP in the third quarter valued at $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. HSBC cut shares of HP from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. TD Cowen cut their target price on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Finally, Morgan Stanley cut their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.14.

HP Stock Performance

NYSE:HPQ opened at $29.28 on Wednesday. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The firm has a market cap of $27.61 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 2.96 and a beta of 1.05. The firm’s 50-day simple moving average is $32.96 and its 200 day simple moving average is $34.75.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS 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 business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. Sell-side analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

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 given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is 41.37%.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were 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 directly owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 262,737 shares of company stock valued at $9,316,641 in the last ninety days. 0.41% of the stock is currently owned by company insiders.

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.