HP Inc. (NYSE:HPQ) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its position in shares of HP Inc. (NYSE:HPQ) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,573 shares of the computer maker’s stock after selling 1,000 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in HP were worth $1,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in HP during the third quarter valued at approximately $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP during the 3rd quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HP during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research reports. HSBC cut HP from a “buy” rating to a “hold” rating and dropped their price target for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Loop Capital decreased their price objective on HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $36.14.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 11,000 shares of the firm’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 of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 262,737 shares of company stock valued at $9,316,641 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

HP Stock Performance

Shares of NYSE HPQ opened at $30.56 on Friday. The stock has a fifty day moving average price of $32.76 and a two-hundred day moving average price of $34.65. The firm has a market cap of $28.80 billion, a P/E ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed 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. This represents a $1.16 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio is presently 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.