Brooklyn FI LLC Invests $9.16 Million in HP Inc. (NYSE:HPQ)

Brooklyn FI LLC purchased a new stake in HP Inc. (NYSE:HPQ) in the fourth quarter, Holdings Channel.com reports. The firm purchased 254,928 shares of the computer maker’s stock, valued at approximately $9,162,000.

A number of other hedge funds have also recently bought and sold shares of the business. Xponance Inc. grew its position in shares of HP by 6.4% during the fourth quarter. Xponance Inc. now owns 176,539 shares of the computer maker’s stock worth $5,760,000 after buying an additional 10,667 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in HP during the 4th quarter worth $1,528,000. Horizon Investments LLC grew its holdings in HP by 3.3% during the 4th quarter. Horizon Investments LLC now owns 24,025 shares of the computer maker’s stock worth $784,000 after acquiring an additional 759 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of HP by 4.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 66,878 shares of the computer maker’s stock valued at $2,259,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Kennondale Capital Management LLC bought a new position in shares of HP during the fourth quarter worth about $956,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by insiders.

Analysts Set New Price Targets

HPQ has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Citigroup dropped 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 decreased their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company boosted their target price on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.14.

HP Trading Down 0.8 %

Shares of NYSE:HPQ opened at $28.68 on Wednesday. The firm’s 50 day moving average is $32.16 and its two-hundred day moving average is $34.32. The firm has a market capitalization of $27.04 billion, a P/E ratio of 10.21, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share 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. Analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.04%. HP’s payout ratio is 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.