46,838 Shares in HP Inc. (NYSE:HPQ) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 46,838 shares of the computer maker's stock, valued at approximately $1,528,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Amundi lifted its holdings in shares of HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after purchasing an additional 899,349 shares in the last quarter. Principal Financial Group Inc. lifted 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. Oak Thistle LLC lifted its stake in HP by 169.3% during the 4th 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 in the last quarter. Tidal Investments LLC boosted its holdings in HP by 47.5% during the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock worth $5,259,000 after acquiring an additional 47,230 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of HP by 35.0% in the 3rd quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker's stock worth $2,243,000 after acquiring an additional 16,207 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Performance

NYSE HPQ traded up $0.31 during trading on Monday, hitting $28.99. 5,804,642 shares of the company's stock traded hands, compared to its average volume of 7,180,114. The stock has a market capitalization of $27.33 billion, a price-to-earnings ratio of 10.32, 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. The business has a 50 day moving average of $31.80 and a 200-day moving average of $34.13.

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HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $13.35 billion. On average, analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.99%. HP's payout ratio is 41.37%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HPQ. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Morgan Stanley cut their target price 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. Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Finally, Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, HP has an average rating of "Hold" and a consensus target price of $36.14.

Insider Buying and Selling

In other 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 transaction of $357,500.00. Following the sale, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by insiders.

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.