American Century Companies Inc. Purchases 237,845 Shares of HP Inc. (NYSE:HPQ)

American Century Companies Inc. lifted its stake in HP Inc. (NYSE:HPQ - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,941,573 shares of the computer maker's stock after purchasing an additional 237,845 shares during the quarter. American Century Companies Inc. owned about 0.53% of HP worth $161,244,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC purchased a new position in shares of HP during the 4th quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP during the third quarter valued at about $40,000. OFI Invest Asset Management purchased a new stake in shares of HP in the 4th quarter valued at approximately $37,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of HP in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HPQ shares. Citigroup dropped their price objective on HP from $37.00 to $36.50 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Loop Capital dropped 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. Sanford C. Bernstein increased their price target on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Finally, Barclays upped their target price on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, HP has a consensus rating of "Hold" and a consensus target price of $36.14.

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HP Stock Performance

Shares of NYSE:HPQ traded down $0.04 during midday trading on Thursday, hitting $28.68. 6,106,365 shares of the company's stock traded hands, compared to its average volume of 7,168,910. The firm's fifty day moving average price is $31.64 and its two-hundred day moving average price is $34.06. HP Inc. has a twelve month low of $27.43 and a twelve month high of $39.80. The company has a market cap of $27.03 billion, a PE ratio of 10.20, a P/E/G ratio of 2.96 and a beta of 1.09.

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

HP Announces Dividend

The firm 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 $0.2894 dividend. 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%.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

About HP

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.