HP Inc. (NYSE:HPQ) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its stake in HP Inc. (NYSE:HPQ) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,684 shares of the computer maker’s stock after purchasing an additional 1,646 shares during the quarter. Foundations Investment Advisors LLC’s holdings in HP were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in HP in the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC grew its holdings in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after buying an additional 518 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of HP in the third quarter valued at approximately $37,000. Itau Unibanco Holding S.A. purchased a new position in shares of HP during the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HP during the third quarter worth approximately $44,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Down 0.9 %

Shares of HPQ stock opened at $32.51 on Friday. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The firm’s 50 day moving average price is $34.03 and its two-hundred day moving average price is $35.18. The stock has a market cap of $30.48 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the prior year, the company earned $0.90 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 dividend yield of 3.56%. HP’s payout ratio is currently 41.28%.

Insider Buying and Selling

In related news, insider Alex Cho sold 10,298 shares of HP stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,219,680.32. The trade was a 13.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the company’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 of the company’s stock, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 273,035 shares of company stock valued at $9,670,068. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on HPQ shares. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. JPMorgan Chase & Co. reduced their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Barclays lifted their price target on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. TD Cowen increased their price objective on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Citigroup decreased their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.23.

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.