Maryland State Retirement & Pension System Has $1.68 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Maryland State Retirement & Pension System decreased its position in shares of HP Inc. (NYSE:HPQ) by 7.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 51,435 shares of the computer maker’s stock after selling 4,410 shares during the quarter. Maryland State Retirement & Pension System’s holdings in HP were worth $1,678,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HPQ. Mutual of America Capital Management LLC lifted its holdings in HP by 10.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 120,482 shares of the computer maker’s stock worth $4,322,000 after buying an additional 11,644 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in HP by 10.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 64,228 shares of the computer maker’s stock worth $2,303,000 after buying an additional 6,299 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in HP by 1.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 412,372 shares of the computer maker’s stock worth $14,792,000 after buying an additional 4,028 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of HP by 19.8% in the 3rd quarter. Avior Wealth Management LLC now owns 11,501 shares of the computer maker’s stock valued at $413,000 after purchasing an additional 1,898 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of HP in the 3rd quarter valued at $805,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of a number of analyst reports. Morgan Stanley cut their price target on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. StockNews.com raised HP from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays increased their price target on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Loop Capital cut their price target on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. Finally, HSBC downgraded HP from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $38.00 in a research note on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, HP presently has an average rating of “Hold” and a consensus price target of $36.14.

HP Trading Up 0.4 %

Shares of HP stock opened at $28.63 on Friday. The stock’s fifty day simple moving average is $31.88 and its 200 day simple moving average is $34.18. The company has a market capitalization of $26.98 billion, a PE ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 12 month low of $27.43 and a 12 month high of $39.80.

HP (NYSE:HPQ) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $13.50 billion during 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%. 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. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The stock was 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 owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.38% 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.