Nikulski Financial Inc. Boosts Holdings in HP Inc. (NYSE:HPQ)

Nikulski Financial Inc. lifted its position in shares of HP Inc. (NYSE:HPQ) by 7.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,420 shares of the computer maker’s stock after purchasing an additional 444 shares during the period. Nikulski Financial Inc.’s holdings in HP were worth $230,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Triad Wealth Partners LLC purchased a new position in shares of HP during the second quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HP during the second quarter worth about $34,000. Wolff Wiese Magana LLC grew its holdings in HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the period. ORG Wealth Partners LLC bought a new position in shares of HP during the third quarter valued at approximately $37,000. Finally, DecisionPoint Financial LLC purchased a new position in shares of HP during the second quarter valued at approximately $43,000. 77.53% of the stock is owned by institutional investors.

HP Price Performance

HP stock traded down $0.64 during mid-day trading on Thursday, reaching $35.90. 569,742 shares of the stock traded hands, compared to its average volume of 7,762,505. The business’s 50-day moving average is $35.63 and its 200-day moving average is $34.29. The stock has a market capitalization of $35.13 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.64 and a beta of 1.07. HP Inc. has a 12-month low of $25.95 and a 12-month high of $39.52.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). HP had a net margin of 5.33% and a negative return on equity of 266.37%. The business had revenue of $13.52 billion for the quarter, compared to the consensus estimate of $13.37 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that HP Inc. will post 3.39 EPS for the current fiscal year.

HP announced that its Board of Directors has initiated a share buyback program on Wednesday, August 28th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the computer maker to buy up to 28.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Loop Capital cut their target price on HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Barclays reduced their price objective on shares of HP from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, August 29th. Bank of America downgraded shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Friday, September 27th. JPMorgan Chase & Co. raised their price target on shares of HP from $38.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Citigroup cut HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.55.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 211,501 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $33.16, for a total value of $7,013,373.16. Following the transaction, the chief executive officer now owns 3 shares of the company’s stock, valued at $99.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company 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.