HP Inc. (NYSE:HPQ) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in HP Inc. (NYSE:HPQ) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,423 shares of the computer maker’s stock after buying an additional 1,228 shares during the period. Ritholtz Wealth Management’s holdings in HP were worth $3,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Ashton Thomas Securities LLC purchased a new position in shares of HP during the third quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its position in HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in HP in the third quarter valued at $37,000. Itau Unibanco Holding S.A. purchased a new stake in shares of HP in the third quarter valued at about $40,000. Finally, Fairscale Capital LLC purchased a new position in shares of HP during the second quarter worth about $46,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction on Monday, December 30th. The stock was 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 in the company, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kristen M. Ludgate sold 74,356 shares of HP stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the sale, the insider now owns 56,169 shares of the company’s stock, 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 90 days, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HPQ shares. HSBC cut HP from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. TD Cowen lifted their price objective on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Citigroup cut their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Barclays raised their price objective on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, HP has an average rating of “Hold” and an average target price of $36.23.

HP Stock Performance

Shares of HPQ stock opened at $32.53 on Friday. The stock has a fifty day moving average price of $34.87 and a 200 day moving average price of $35.36. The stock has a market cap of $30.51 billion, a PE ratio of 11.58, a P/E/G ratio of 2.83 and a beta of 1.05. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business’s revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from HP’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, December 11th. HP’s dividend payout ratio (DPR) is 41.28%.

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.