HP Inc. (NYSE:HPQ) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in HP Inc. (NYSE:HPQ - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 624,552 shares of the computer maker's stock after selling 16,857 shares during the quarter. Advisors Asset Management Inc. owned about 0.07% of HP worth $20,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in HP by 8.2% during the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker's stock worth $1,871,046,000 after buying an additional 3,923,161 shares during the period. Geode Capital Management LLC boosted its holdings in shares of HP by 11.1% in the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker's stock valued at $885,877,000 after acquiring an additional 2,477,977 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in HP by 4.2% during the fourth quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock worth $482,164,000 after buying an additional 592,391 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HP by 7.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,581,422 shares of the computer maker's stock worth $307,816,000 after buying an additional 612,675 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in HP by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock worth $222,985,000 after acquiring an additional 90,606 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on HPQ shares. StockNews.com raised shares of HP from a "hold" rating to a "buy" rating in a research report on Tuesday. Loop Capital dropped their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. Hsbc Global Res lowered shares of HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Sanford C. Bernstein raised their target price on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Finally, HSBC lowered shares of HP from a "buy" rating to a "hold" rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, HP presently has an average rating of "Hold" and a consensus price target of $36.14.

HP Price Performance

Shares of HPQ traded up $0.12 during trading hours on Friday, hitting $28.63. The stock had a trading volume of 23,907,554 shares, compared to its average volume of 7,176,088. HP Inc. has a 12 month low of $27.43 and a 12 month high of $39.80. The firm has a market capitalization of $26.98 billion, a PE ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. The stock has a fifty day moving average price of $31.88 and a 200 day moving average price of $34.18.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate 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 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued 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 yield of 4.04%. HP's dividend payout ratio is currently 41.37%.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.38% of the stock is 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.