O Shaughnessy Asset Management LLC Reduces Holdings in HP Inc. (NYSE:HPQ)

O Shaughnessy Asset Management LLC cut its position in HP Inc. (NYSE:HPQ) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 617,590 shares of the computer maker’s stock after selling 3,712 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in HP were worth $20,152,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in HP in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in HP in the fourth quarter valued at about $31,000. OFI Invest Asset Management purchased a new position in HP in the fourth quarter valued at about $37,000. Itau Unibanco Holding S.A. purchased a new stake in HP during the 3rd quarter worth approximately $40,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in HP during the 4th quarter worth approximately $50,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Down 2.6 %

HPQ stock opened at $27.90 on Monday. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The company has a market capitalization of $26.30 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The firm’s 50-day moving average is $31.48 and its two-hundred day moving average is $33.98.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Analyst Ratings Changes

A number of analysts have recently weighed in on HPQ shares. Loop Capital decreased their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Sanford C. Bernstein raised their price objective on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Morgan Stanley reduced their price objective on 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, Wells Fargo & Company lifted their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, HP has a consensus rating of “Hold” and an average price target of $36.14.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now directly owns 169 shares of the company’s stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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.