22,844 Shares in HP Inc. (NYSE:HPQ) Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC purchased a new stake in HP Inc. (NYSE:HPQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,844 shares of the computer maker’s stock, valued at approximately $745,000.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in HP in the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter worth $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP in the 3rd quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HP during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was 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 of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of HP 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 sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,933,898.67. This represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 125,643 shares of company stock valued at $4,319,565. 0.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPQ. Barclays lifted their price objective on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Loop Capital reduced their price objective on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Trading Up 2.0 %

Shares of HP stock opened at $30.56 on Monday. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The firm’s 50-day moving average price is $32.76 and its two-hundred day moving average price is $34.65. The stock has a market capitalization of $28.80 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. As a group, equities research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 annualized dividend and a yield of 3.79%. HP’s dividend payout ratio is presently 41.37%.

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.