Asset Management One Co. Ltd. Has $15.11 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Asset Management One Co. Ltd. boosted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,145 shares of the computer maker's stock after buying an additional 62,921 shares during the period. Asset Management One Co. Ltd.'s holdings in HP were worth $15,114,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in HP by 8.2% in the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker's stock valued at $1,871,046,000 after acquiring an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 2,477,977 shares during the period. Pacer Advisors Inc. grew its position in shares of 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 increased its position in shares of HP by 7.7% in the 3rd 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 valued at $307,816,000 after purchasing an additional 612,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in HP by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,743,122 shares of the computer maker's stock valued at $241,876,000 after buying an additional 678,985 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HP

In related news, CEO Enrique Lores sold 137,094 shares of HP 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 sale, the chief executive officer now owns 89,272 shares of the company's stock, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex Cho sold 40,287 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the completion of the transaction, the insider now owns 64,676 shares of the company's stock, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is owned by insiders.

HP Stock Up 1.5 %

HPQ stock traded up $0.52 during midday trading on Wednesday, hitting $34.72. 5,624,022 shares of the company traded hands, compared to its average volume of 5,811,097. The stock has a market capitalization of $32.56 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The business has a 50 day simple moving average of $33.10 and a 200-day simple moving average of $34.81.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The business's revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

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 given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Wednesday, March 12th. HP's payout ratio is 41.28%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HPQ shares. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Sanford C. Bernstein raised their target price on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Citigroup dropped their target price on shares of HP from $37.00 to $36.50 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Finally, HSBC cut HP from a "buy" rating to a "hold" rating and cut their price target for the stock from $39.00 to $38.00 in a report on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $36.23.

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.