HP Inc. (NYSE:HPQ) Shares Acquired by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of HP Inc. (NYSE:HPQ) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 617,584 shares of the computer maker’s stock after acquiring an additional 4,375 shares during the quarter. HP makes up about 1.4% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 18th largest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in HP were worth $20,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vest Financial LLC grew its holdings in shares of HP by 39.4% in the fourth quarter. Vest Financial LLC now owns 25,394 shares of the computer maker’s stock valued at $829,000 after purchasing an additional 7,179 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of HP by 1.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 108,723 shares of the computer maker’s stock worth $3,548,000 after buying an additional 1,831 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in HP in the fourth quarter valued at approximately $639,000. Harbor Island Capital LLC grew its position in HP by 23.4% in the fourth quarter. Harbor Island Capital LLC now owns 353,050 shares of the computer maker’s stock worth $11,520,000 after acquiring an additional 67,052 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. raised its position in HP by 7.1% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 95,440 shares of the computer maker’s stock valued at $3,114,000 after purchasing an additional 6,290 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

Shares of HP stock opened at $32.26 on Friday. The company’s fifty day moving average is $33.55 and its two-hundred day moving average is $35.00. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The company has a market capitalization of $30.25 billion, a P/E ratio of 11.48, a PEG ratio of 2.77 and a beta of 1.05.

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

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.59%. HP’s dividend payout ratio (DPR) is 41.28%.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 10,298 shares of the business’s 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 directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HPQ. JPMorgan Chase & Co. cut their price objective on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Citigroup reduced their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. TD Cowen upped their price objective on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. HSBC lowered HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $38.00 in a report on Friday, November 29th. Finally, Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of “Hold” and an average price target of $36.23.

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.