Yousif Capital Management LLC Sells 3,566 Shares of HP Inc. (NYSE:HPQ)

Yousif Capital Management LLC reduced its holdings in shares of HP Inc. (NYSE:HPQ) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,817 shares of the computer maker’s stock after selling 3,566 shares during the period. Yousif Capital Management LLC’s holdings in HP were worth $4,856,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HPQ. Ashton Thomas Securities LLC acquired a new stake in HP during the third quarter worth approximately $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the 4th quarter worth approximately $26,000. Wolff Wiese Magana LLC increased its stake in shares of HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after acquiring an additional 518 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of HP during the 3rd quarter valued at $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in HP during the third quarter worth $40,000. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

Shares of HPQ stock opened at $32.58 on Friday. The company has a market capitalization of $30.56 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.77 and a beta of 1.05. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a 50-day simple moving average of $33.59 and a two-hundred day simple moving average of $35.02.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.55%. HP’s payout ratio is currently 41.28%.

Analysts Set New Price Targets

HPQ has been the topic of several research reports. Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. HSBC downgraded HP from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, TD Cowen boosted their price target on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.23.

Insider Buying and Selling

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,035 shares of company stock worth $9,670,068. Insiders own 0.41% of the company’s stock.

HP 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.