AlphaQuest LLC Has $740,000 Stock Holdings in HP Inc. (NYSE:HPQ)

AlphaQuest LLC increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 119,194.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,666 shares of the computer maker's stock after buying an additional 22,647 shares during the quarter. AlphaQuest LLC's holdings in HP were worth $740,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in HP during the third quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in HP during the fourth quarter worth about $31,000. OFI Invest Asset Management acquired a new stake in HP during the fourth quarter worth about $37,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in HP during the third quarter worth about $40,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Down 4.4 %

NYSE:HPQ opened at $28.66 on Wednesday. HP Inc. has a 1 year low of $27.43 and a 1 year high of $39.80. The firm has a 50 day moving average of $32.63 and a 200-day moving average of $34.56. The stock has a market capitalization of $27.01 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

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HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 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 Announces Dividend

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 given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 11,000 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kristen M. Ludgate sold 74,356 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the completion of the transaction, the insider now owns 56,169 shares of the company's stock, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HPQ shares. JPMorgan Chase & Co. decreased their target price on HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. TD Cowen decreased their price objective on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Finally, Barclays lifted their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $36.14.

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.

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