Alaska Permanent Fund Corp Increases Stake in HP Inc. (NYSE:HPQ)

Alaska Permanent Fund Corp raised its stake in shares of HP Inc. (NYSE:HPQ) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,291 shares of the computer maker’s stock after acquiring an additional 1,091 shares during the period. Alaska Permanent Fund Corp’s holdings in HP were worth $2,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HPQ. Vanguard Group Inc. lifted its stake in HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after acquiring an additional 12,883,347 shares during the period. Pacer Advisors Inc. lifted its stake in shares of HP by 4,180.9% in the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker’s stock worth $286,352,000 after purchasing an additional 9,294,209 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of HP by 145.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker’s stock worth $156,535,000 after purchasing an additional 3,613,742 shares during the period. Hsbc Holdings PLC lifted its stake in shares of HP by 104.6% in the 3rd quarter. Hsbc Holdings PLC now owns 4,352,558 shares of the computer maker’s stock worth $112,014,000 after purchasing an additional 2,225,530 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of HP in the 3rd quarter worth approximately $54,302,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.2 %

Shares of HPQ stock traded down $0.05 on Thursday, reaching $28.05. The company’s stock had a trading volume of 686,500 shares, compared to its average volume of 7,952,699. The stock’s fifty day simple moving average is $29.30 and its 200-day simple moving average is $28.84. HP Inc. has a 1 year low of $25.22 and a 1 year high of $33.90. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period last year, the firm posted $0.75 earnings per share. HP’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts forecast that HP Inc. will post 3.42 earnings per share for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.2756 per share. This represents a $1.10 annualized dividend and a yield of 3.93%. The ex-dividend date was Tuesday, March 12th. HP’s payout ratio is 32.16%.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent research reports. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Barclays increased their price objective on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, HP has an average rating of “Moderate Buy” and an average price target of $33.11.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock valued at $3,479,287 over the last three months. 0.41% of the stock is owned by company insiders.

About HP

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.