Transform Wealth LLC Has $348,000 Stock Holdings in HP Inc. (NYSE:HPQ)

Transform Wealth LLC reduced its position in HP Inc. (NYSE:HPQ) by 13.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,573 shares of the computer maker’s stock after selling 1,597 shares during the period. Transform Wealth LLC’s holdings in HP were worth $348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in HP by 8.2% in the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock valued at $1,871,046,000 after acquiring an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of HP by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock valued at $885,877,000 after purchasing an additional 2,477,977 shares during the last quarter. DME Capital Management LP grew its position in shares of HP by 108.7% during the 2nd quarter. DME Capital Management LP now owns 3,373,030 shares of the computer maker’s stock worth $118,124,000 after buying an additional 1,757,070 shares during the period. Pacer Advisors Inc. raised its stake in shares of HP by 11.4% during the third quarter. Pacer Advisors Inc. now owns 14,184,306 shares of the computer maker’s stock worth $508,791,000 after buying an additional 1,455,138 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in HP by 2,649.5% in the third quarter. Bridgewater Associates LP now owns 1,318,599 shares of the computer maker’s stock valued at $47,298,000 after buying an additional 1,270,642 shares during the period. Institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Barclays lifted their target price on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price objective on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Bank of America cut HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Friday, September 27th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, HP currently has an average rating of “Hold” and a consensus price target of $36.23.

Insiders Place Their Bets

In related news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alex Cho sold 10,298 shares of HP stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now owns 64,676 shares in the company, valued at $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 in the last quarter. 0.41% of the stock is currently owned by insiders.

HP Stock Up 1.4 %

HP stock opened at $32.96 on Wednesday. The company has a 50 day moving average of $34.68 and a 200-day moving average of $35.33. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The stock has a market capitalization of $30.91 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05.

HP (NYSE:HPQ) last announced its earnings results 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 net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were paid a $0.2894 dividend. This is a boost from HP’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. This represents a $1.16 annualized dividend and a yield of 3.51%. HP’s payout ratio is presently 41.28%.

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.