Generali Investments CEE investicni spolecnost a.s. Invests $2.12 Million in HP Inc. (NYSE:HPQ)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,000 shares of the computer maker's stock, valued at approximately $2,121,000.

A number of other hedge funds have also recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of HP by 6.0% in the third quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker's stock worth $1,346,000 after buying an additional 2,139 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of HP during the 3rd quarter valued at approximately $247,000. Graypoint LLC boosted its position in shares of 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 during the last quarter. Principal Financial Group Inc. grew its holdings in shares of HP by 16.1% in 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 purchasing an additional 160,268 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its position in HP by 0.3% in the third quarter. Applied Finance Capital Management LLC now owns 1,766,422 shares of the computer maker's stock worth $63,362,000 after purchasing an additional 4,444 shares during the last quarter. Institutional investors own 77.53% of the company's stock.

Insider Activity

In related news, insider Stephanie Liebman sold 11,000 shares of HP 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 transaction, the insider now directly owns 6,277 shares of the company's stock, valued at $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kristen M. Ludgate sold 74,356 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the sale, the insider now owns 56,169 shares of the company's stock, valued at approximately $1,933,898.67. This represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HPQ shares. Hsbc Global Res cut HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Wells Fargo & Company lifted their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. HSBC lowered shares of HP from a "buy" rating to a "hold" rating and lowered their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Finally, Citigroup reduced their price objective on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $36.14.

HP Trading Up 0.6 %

Shares of NYSE HPQ traded up $0.18 during trading hours on Wednesday, reaching $28.51. The stock had a trading volume of 9,173,197 shares, compared to its average volume of 7,209,042. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80. The firm has a market cap of $26.87 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 2.96 and a beta of 1.09. The business's fifty day moving average price is $32.63 and its two-hundred day moving average price is $34.56.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. Equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.06%. HP's dividend payout ratio is currently 41.37%.

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.