Wilmington Savings Fund Society FSB Reduces Holdings in HP Inc. (NYSE:HPQ)

Wilmington Savings Fund Society FSB lessened its holdings in HP Inc. (NYSE:HPQ) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,744 shares of the computer maker’s stock after selling 2,297 shares during the period. Wilmington Savings Fund Society FSB’s holdings in HP were worth $873,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atomi Financial Group Inc. grew its holdings in HP by 6.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 7,013 shares of the computer maker’s stock valued at $252,000 after buying an additional 400 shares during the last quarter. CWM LLC lifted its position in shares of HP by 9.4% in the third quarter. CWM LLC now owns 41,014 shares of the computer maker’s stock valued at $1,471,000 after acquiring an additional 3,513 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of HP by 389.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,944 shares of the computer maker’s stock valued at $465,000 after acquiring an additional 10,300 shares during the last quarter. Exchange Traded Concepts LLC increased its position in HP by 952.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,858 shares of the computer maker’s stock worth $461,000 after purchasing an additional 11,636 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in HP by 674.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,465 shares of the computer maker’s stock valued at $268,000 after purchasing an additional 6,501 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HP

In related news, 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 sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,219,680.32. The trade was a 13.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HPQ shares. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $38.00 in a report on Friday, November 29th. JPMorgan Chase & Co. cut their price target on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Barclays raised their price objective on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Citigroup decreased their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.23.

HP Stock Performance

HPQ opened at $32.83 on Tuesday. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The firm has a 50 day moving average price of $33.49 and a 200 day moving average price of $34.92. The company has a market cap of $30.79 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 5.18% and a negative return on equity of 253.39%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, sell-side analysts predict 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 paid a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. HP’s dividend payout ratio (DPR) is currently 41.28%.

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.