AlphaQuest LLC Has $740,000 Stock Position in HP Inc. (NYSE:HPQ)

AlphaQuest LLC grew its position in HP Inc. (NYSE:HPQ) by 119,194.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,666 shares of the computer maker’s stock after buying an additional 22,647 shares during the period. AlphaQuest LLC’s holdings in HP were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Argentarii LLC acquired a new position in HP in the 4th quarter worth $644,000. OFI Invest Asset Management acquired a new position in HP in the 4th quarter worth $37,000. Kendall Capital Management boosted its stake in HP by 7.4% in the 4th quarter. Kendall Capital Management now owns 114,758 shares of the computer maker’s stock worth $3,745,000 after purchasing an additional 7,898 shares during the period. United Community Bank boosted its stake in HP by 674.7% in the 4th quarter. United Community Bank now owns 57,411 shares of the computer maker’s stock worth $1,873,000 after purchasing an additional 50,000 shares during the period. Finally, Personal CFO Solutions LLC acquired a new position in HP in the 4th quarter worth $745,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HPQ. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Citigroup reduced their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Loop Capital cut their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. StockNews.com cut shares of HP from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley cut their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.14.

HP Stock Performance

Shares of HPQ stock opened at $28.66 on Wednesday. The firm’s 50-day moving average is $32.63 and its 200-day moving average is $34.56. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Sell-side analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. 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 4.04%. HP’s payout ratio is 41.37%.

Insider Activity

In other HP news, insider Kristen M. Ludgate sold 74,356 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This represents a 56.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

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.