Human Investing LLC Has $727,000 Stock Position in HP Inc. (NYSE:HPQ)

Human Investing LLC reduced its position in shares of HP Inc. (NYSE:HPQ) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,292 shares of the computer maker’s stock after selling 444 shares during the quarter. Human Investing LLC’s holdings in HP were worth $727,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HPQ. Exchange Traded Concepts LLC raised its stake in HP by 952.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,858 shares of the computer maker’s stock worth $461,000 after buying an additional 11,636 shares during the period. Creative Planning raised its stake in shares of HP by 5.3% in the third quarter. Creative Planning now owns 225,129 shares of the computer maker’s stock worth $8,075,000 after purchasing an additional 11,240 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of HP by 5.7% in the third quarter. Bleakley Financial Group LLC now owns 19,716 shares of the computer maker’s stock worth $707,000 after purchasing an additional 1,060 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of HP by 3.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 106,892 shares of the computer maker’s stock worth $3,834,000 after purchasing an additional 3,355 shares during the last quarter. Finally, Claro Advisors LLC raised its stake in shares of HP by 119.7% in the third quarter. Claro Advisors LLC now owns 13,541 shares of the computer maker’s stock worth $486,000 after purchasing an additional 7,378 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on HPQ. HSBC downgraded HP from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Barclays increased their price objective on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein increased their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, Citigroup dropped their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. One equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.23.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen M. Ludgate sold 74,356 shares of HP stock in a transaction on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the transaction, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,933,898.67. This trade represents a 56.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last ninety days. 0.41% of the stock is currently owned by insiders.

HP Price Performance

NYSE:HPQ opened at $33.69 on Monday. The business has a fifty day simple moving average of $33.17 and a two-hundred day simple moving average of $34.83. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The company has a market capitalization of $31.59 billion, a P/E ratio of 11.99, a P/E/G ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is currently 41.28%.

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.