American Century Companies Inc. Raises Stock Position in HP Inc. (NYSE:HPQ)

American Century Companies Inc. boosted its position in shares of HP Inc. (NYSE:HPQ) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,941,573 shares of the computer maker’s stock after purchasing an additional 237,845 shares during the period. American Century Companies Inc. owned approximately 0.53% of HP worth $161,244,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Amundi raised its stake in HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock worth $217,319,000 after purchasing an additional 899,349 shares during the period. Principal Financial Group Inc. increased its position in shares of HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after acquiring an additional 160,268 shares during the last quarter. Oak Thistle LLC increased its position in shares of HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock valued at $1,132,000 after acquiring an additional 21,805 shares during the last quarter. Tidal Investments LLC increased its position in shares of HP by 47.5% during the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after acquiring an additional 47,230 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of HP by 35.0% during the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock valued at $2,243,000 after acquiring an additional 16,207 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HPQ. Sanford C. Bernstein lifted their price target on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. StockNews.com upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Barclays lifted their price objective on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HP currently has an average rating of “Hold” and a consensus target price of $36.14.

HP Stock Up 0.4 %

NYSE HPQ opened at $28.63 on Friday. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80. The stock has a market capitalization of $26.98 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The firm has a 50 day moving average of $31.88 and a two-hundred day moving average of $34.18.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. On average, equities research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.04%. HP’s dividend payout ratio is presently 41.37%.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company’s stock.

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.