9,021 Shares in HP Inc. (NYSE:HPQ) Acquired by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in HP Inc. (NYSE:HPQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,021 shares of the computer maker’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC purchased a new position in shares of HP in the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC grew its holdings in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of HP during the third quarter worth about $37,000. Itau Unibanco Holding S.A. purchased a new stake in shares of HP in the 3rd quarter valued at about $40,000. Finally, DecisionPoint Financial LLC acquired a new stake in shares of HP in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 4.0 %

Shares of HPQ opened at $32.49 on Thursday. The stock’s 50 day moving average is $36.43 and its two-hundred day moving average is $35.78. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The firm has a market capitalization of $30.47 billion, a PE ratio of 11.56, a P/E/G ratio of 2.95 and a beta of 1.04.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. HP’s quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP declared that its Board of Directors has authorized a share buyback program on Wednesday, August 28th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the computer maker to purchase up to 28.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.2894 dividend. This is a boost from HP’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. HP’s dividend payout ratio (DPR) is 40.93%.

Insider Buying and Selling

In other news, insider Alex Cho sold 40,287 shares of HP stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the completion of the transaction, the insider now owns 64,676 shares of the company’s stock, valued at $2,250,724.80. The trade was a 38.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 262,035 shares of company stock valued at $9,312,568. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HPQ shares. HSBC cut HP from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Morgan Stanley decreased their price target on shares of HP from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Bank of America lowered shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, HP presently has an average rating of “Hold” and an average price target of $36.45.

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.