19,724 Shares in HP Inc. (NYSE:HPQ) Acquired by Argentarii LLC

Argentarii LLC purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,724 shares of the computer maker's stock, valued at approximately $644,000.

Several other hedge funds have also made changes to their positions in HPQ. Van ECK Associates Corp raised its stake in HP by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker's stock valued at $1,346,000 after acquiring an additional 2,139 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in HP during the 3rd quarter valued at $247,000. Graypoint LLC raised its stake in HP by 28.7% during the 3rd quarter. Graypoint LLC now owns 15,896 shares of the computer maker's stock valued at $570,000 after acquiring an additional 3,547 shares in the last quarter. Principal Financial Group Inc. raised its stake in HP by 16.1% during the 3rd 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 in the last quarter. Finally, Applied Finance Capital Management LLC raised its stake in HP by 0.3% during the 3rd quarter. Applied Finance Capital Management LLC now owns 1,766,422 shares of the computer maker's stock valued at $63,362,000 after acquiring an additional 4,444 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

HP Stock Up 2.0 %

Shares of NYSE HPQ opened at $30.56 on Friday. The stock has a market capitalization of $28.80 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09. The stock's fifty day simple moving average is $32.76 and its 200 day simple moving average is $34.65. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79.

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HP (NYSE:HPQ - Get Free Report) last issued 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 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, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's payout ratio is 41.37%.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the company'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 $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,737 shares of company stock valued at $9,316,641. Company insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

HPQ has been the topic of several recent analyst reports. Barclays lifted their target price on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their price objective on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Finally, Loop Capital dropped their price objective on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, HP 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.

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