Yousif Capital Management LLC Sells 6,257 Shares of HP Inc. (NYSE:HPQ)

Yousif Capital Management LLC lessened its position in shares of HP Inc. (NYSE:HPQ) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,800 shares of the computer maker’s stock after selling 6,257 shares during the period. Yousif Capital Management LLC’s holdings in HP were worth $4,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. lifted its holdings in shares of HP by 1.4% during the 4th quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock worth $778,000 after acquiring an additional 362 shares during the period. Salem Investment Counselors Inc. lifted its stake in HP by 47.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after purchasing an additional 380 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in HP by 18.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock valued at $73,000 after purchasing an additional 382 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the last quarter. Finally, PDS Planning Inc lifted its stake in HP by 4.8% in the 3rd quarter. PDS Planning Inc now owns 8,879 shares of the computer maker’s stock valued at $228,000 after purchasing an additional 404 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $28.00 on Friday. HP Inc. has a 52-week low of $25.22 and a 52-week high of $33.90. The firm has a 50 day moving average price of $29.27 and a two-hundred day moving average price of $28.85. The stock has a market cap of $27.46 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts’ expectations of $13.56 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was down 4.4% on a year-over-year basis. Analysts predict that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a dividend of $0.2756 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Tuesday, March 12th. HP’s dividend payout ratio (DPR) is presently 32.16%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a filing with the SEC, which is available at this link. In other HP news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 over the last three months. 0.41% of the stock is owned by company insiders.

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.