Caprock Group LLC Has $4.90 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Caprock Group LLC raised its holdings in HP Inc. (NYSE:HPQ) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 148,683 shares of the computer maker’s stock after buying an additional 2,642 shares during the quarter. Caprock Group LLC’s holdings in HP were worth $4,895,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HPQ. Oak Harvest Investment Services increased its position in HP by 1.9% during the fourth quarter. Oak Harvest Investment Services now owns 160,057 shares of the computer maker’s stock worth $5,223,000 after acquiring an additional 2,951 shares during the period. First Affirmative Financial Network increased its holdings in shares of HP by 9.1% during the 4th quarter. First Affirmative Financial Network now owns 9,081 shares of the computer maker’s stock worth $296,000 after purchasing an additional 759 shares during the period. Synergy Asset Management LLC bought a new stake in shares of HP in the fourth quarter valued at about $26,000. Milestone Asset Management LLC grew its position in HP by 39.8% during the fourth quarter. Milestone Asset Management LLC now owns 56,786 shares of the computer maker’s stock worth $1,853,000 after buying an additional 16,173 shares in the last quarter. Finally, Foster & Motley Inc. increased its stake in HP by 1.1% during the fourth quarter. Foster & Motley Inc. now owns 230,564 shares of the computer maker’s stock valued at $7,523,000 after acquiring an additional 2,450 shares during the period. 77.53% of the stock is owned by institutional investors.

HP Price Performance

NYSE HPQ opened at $32.51 on Friday. The stock’s 50 day simple moving average is $34.03 and its 200 day simple moving average is $35.18. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The firm has a market cap of $30.48 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.78 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, meeting analysts’ consensus estimates of $0.93. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. As a group, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. HP’s payout ratio is 40.93%.

Insider Activity at HP

In related news, insider Alex Cho sold 10,298 shares of HP stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This represents a 60.56 % 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 over the last quarter. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of several recent research reports. HSBC lowered HP from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays increased their price objective on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein lifted their target price on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Finally, TD Cowen increased their price target on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.23.

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.