Xponance Inc. Increases Stock Holdings in HP Inc. (NYSE:HPQ)

Xponance Inc. increased its holdings in HP Inc. (NYSE:HPQ) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,539 shares of the computer maker’s stock after acquiring an additional 10,667 shares during the quarter. Xponance Inc.’s holdings in HP were worth $5,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. Synergy Asset Management LLC purchased a new stake in HP in the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in HP in the fourth quarter worth $31,000. OFI Invest Asset Management bought a new position in HP in the fourth quarter worth $37,000. Itau Unibanco Holding S.A. bought a new position in HP in the third quarter worth $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP in the third quarter worth $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

HP Price Performance

HP stock opened at $28.76 on Thursday. HP Inc. has a one year low of $27.43 and a one year high of $39.80. The stock has a market capitalization of $27.11 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The business’s fifty day moving average is $32.07 and its 200 day moving average is $34.28.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, sell-side analysts expect 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. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.03%. HP’s payout ratio is 41.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. HSBC downgraded HP from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. Wells Fargo & Company raised their price target on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Loop Capital reduced their price target on HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. Finally, Morgan Stanley reduced their price target on HP from $36.00 to $35.00 and set an “equal weight” rating for the company 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 given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.14.

About HP

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.