HP Inc. (NYSE:HPQ) Shares Sold by Applied Capital LLC FL

Applied Capital LLC FL decreased its holdings in HP Inc. (NYSE:HPQ) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,766 shares of the computer maker’s stock after selling 363 shares during the quarter. Applied Capital LLC FL’s holdings in HP were worth $658,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HPQ. Treasurer of the State of North Carolina grew its holdings in shares of HP by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 401,809 shares of the computer maker’s stock valued at $12,090,000 after purchasing an additional 4,102 shares during the last quarter. Alaska Permanent Fund Corp grew its holdings in shares of HP by 1.4% during the fourth quarter. Alaska Permanent Fund Corp now owns 79,291 shares of the computer maker’s stock valued at $2,386,000 after purchasing an additional 1,091 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of HP by 87.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock valued at $22,960,000 after purchasing an additional 358,231 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of HP during the fourth quarter valued at approximately $1,758,000. Finally, Flputnam Investment Management Co. bought a new position in HP in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Down 0.5 %

Shares of HPQ traded down $0.17 during mid-day trading on Tuesday, reaching $34.80. The company’s stock had a trading volume of 4,129,316 shares, compared to its average volume of 8,247,206. The business has a fifty day moving average of $32.86 and a 200 day moving average of $30.63. The company has a market cap of $34.05 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.09. HP Inc. has a 1 year low of $25.22 and a 1 year high of $39.52.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 29th. The computer maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. HP had a negative return on equity of 230.39% and a net margin of 5.60%. The company had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.61 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that HP Inc. will post 3.45 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Wednesday, September 11th. HP’s dividend payout ratio (DPR) is presently 37.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HPQ shares. TD Cowen increased their price objective on HP from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Bank of America upped their target price on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Citigroup upped their target price on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company upped their target price on HP from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. Finally, Barclays upped their target price on HP from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

Insider Transactions at HP

In other news, insider Alex Cho sold 173,137 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $36.11, for a total value of $6,251,977.07. Following the transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,335,450.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently 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.