HP Inc. (NYSE:HPQ) Shares Sold by Van Strum & Towne Inc.

Van Strum & Towne Inc. decreased its position in shares of HP Inc. (NYSE:HPQ) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,410 shares of the computer maker’s stock after selling 980 shares during the quarter. HP comprises about 0.0% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 25th largest holding. Van Strum & Towne Inc.’s holdings in HP were worth $4,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of HP during the third quarter valued at $25,000. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP during the fourth quarter valued at $31,000. OFI Invest Asset Management acquired a new position in shares of HP during the fourth quarter valued at $37,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of HP during the third quarter valued at $40,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 1.8 %

Shares of HP stock opened at $28.43 on Friday. The company’s 50-day moving average price is $32.36 and its two-hundred day moving average price is $34.42. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The stock has a market cap of $26.80 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 yield of 4.07%. HP’s payout ratio is presently 41.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen reduced their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. StockNews.com cut shares of HP from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Barclays lifted their price objective on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Morgan Stanley cut their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Finally, HSBC cut shares of HP from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Hold” and an average price target of $36.14.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

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.