Americana Partners LLC Invests $7.55 Million in HP Inc. (NYSE:HPQ)

Americana Partners LLC purchased a new stake in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 231,214 shares of the computer maker's stock, valued at approximately $7,545,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HPQ. Ashton Thomas Securities LLC acquired a new position in HP in the third 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 acquired a new position in HP in the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in HP in the third quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in HP in the third quarter valued at about $44,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Up 0.1 %

Shares of NYSE HPQ traded up $0.05 during mid-day trading on Thursday, hitting $34.73. 5,006,914 shares of the company were exchanged, compared to its average volume of 5,793,254. The stock has a 50 day simple moving average of $33.10 and a 200-day simple moving average of $34.81. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The firm has a market cap of $32.57 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.05.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.99 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. HP's revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio is currently 41.28%.

Analyst Ratings Changes

A number of research analysts have commented on HPQ shares. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Wells Fargo & Company boosted their price target on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday. Sanford C. Bernstein boosted their price target on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. 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. Based on data from MarketBeat, HP has a consensus rating of "Hold" and an average target price of $36.68.

Insider Activity

In other HP news, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. This represents a 60.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alex Cho sold 10,298 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 over the last 90 days. 0.41% of the stock is currently owned by corporate 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.