HP Inc. (NYSE:HPQ) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its stake in HP Inc. (NYSE:HPQ - Free Report) by 24.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,114 shares of the computer maker's stock after selling 21,144 shares during the period. AGF Management Ltd.'s holdings in HP were worth $2,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of HP during the 3rd quarter valued at about $25,000. Synergy Asset Management LLC acquired a new position in HP in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in HP during the fourth quarter worth about $31,000. OFI Invest Asset Management acquired a new stake in shares of HP during the fourth quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of HP in the 3rd quarter worth approximately $40,000. Institutional investors own 77.53% of the company's stock.

HP Stock Performance

Shares of NYSE HPQ traded up $0.06 during midday trading on Wednesday, reaching $28.76. The stock had a trading volume of 7,905,571 shares, compared to its average volume of 7,108,594. The stock has a 50-day moving average of $32.16 and a 200-day moving average of $34.32. The company has a market capitalization of $27.11 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth 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.

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HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. As a group, analysts forecast 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. Investors of record on Wednesday, March 12th will be given 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 4.03%. HP's dividend payout ratio is 41.37%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HPQ. Morgan Stanley dropped their price target on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. StockNews.com raised HP from a "hold" rating to a "buy" rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Loop Capital reduced their target price on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays raised their price target on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $36.14.

Insider Buying and Selling

In other HP 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.