Investment House LLC Has $9.52 Million Position in HP Inc. (NYSE:HPQ)

Investment House LLC grew its stake in HP Inc. (NYSE:HPQ) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,597 shares of the computer maker’s stock after purchasing an additional 2,490 shares during the period. Investment House LLC’s holdings in HP were worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HPQ. Synergy Asset Management LLC bought a new position in HP in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in HP in the 4th quarter valued at approximately $31,000. OFI Invest Asset Management bought a new position in HP in the 4th quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new position in HP in the 3rd quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP in the 3rd quarter valued at approximately $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Trading Down 0.8 %

NYSE HPQ opened at $28.68 on Wednesday. The company has a fifty day simple moving average of $32.16 and a 200 day simple moving average of $34.32. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80. The company has a market cap of $27.04 billion, a P/E ratio of 10.21, a PEG ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The firm 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 $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.04%. The ex-dividend date is Wednesday, March 12th. HP’s payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research reports. Loop Capital dropped their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. Morgan Stanley lowered their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. HSBC lowered 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. Wells Fargo & Company raised their price target on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, Barclays raised their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.14.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of HP 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 transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.

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.