Sequoia Financial Advisors LLC Increases Holdings in HP Inc. (NYSE:HPQ)

Sequoia Financial Advisors LLC lifted its position in HP Inc. (NYSE:HPQ) by 7.3% in the fourth quarter, Holdings Channel reports. The firm owned 25,128 shares of the computer maker’s stock after buying an additional 1,715 shares during the period. Sequoia Financial Advisors LLC’s holdings in HP were worth $820,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in HP in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in HP in the fourth quarter worth approximately $31,000. OFI Invest Asset Management bought a new position in HP in the fourth quarter worth approximately $37,000. Itau Unibanco Holding S.A. bought a new position in HP in the third quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP in the third quarter worth approximately $44,000. Institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is owned by corporate insiders.

HP Price Performance

NYSE HPQ opened at $28.43 on Monday. The stock’s fifty day moving average price is $32.36 and its 200 day moving average price is $34.41. HP Inc. has a 1 year low of $27.43 and a 1 year high of $39.80. The company has a market cap of $26.80 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $13.35 billion. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.07%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is 41.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of HP from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Citigroup reduced their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Loop Capital reduced their price target on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. Barclays upped their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.14.

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.