AustralianSuper Pty Ltd Raises Position in HP Inc. (NYSE:HPQ)

AustralianSuper Pty Ltd increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,306,085 shares of the computer maker's stock after buying an additional 107,009 shares during the quarter. AustralianSuper Pty Ltd owned about 0.46% of HP worth $140,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC bought a new stake in shares of HP during the third quarter worth about $25,000. Synergy Asset Management LLC bought a new stake in HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of HP in the fourth quarter worth approximately $31,000. Wolff Wiese Magana LLC raised its stake in shares of HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker's stock worth $35,000 after purchasing an additional 518 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of HP in the third quarter valued at approximately $40,000. Institutional investors own 77.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. HSBC lowered HP from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. TD Cowen lifted their price target on shares of HP from $32.00 to $39.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Citigroup reduced their price objective on HP from $37.00 to $36.50 and set a "neutral" rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. Finally, Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. 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. According to MarketBeat.com, HP presently has a consensus rating of "Hold" and a consensus price target of $36.23.

HP Trading Up 1.5 %

Shares of HP stock traded up $0.52 on Wednesday, reaching $34.72. The stock had a trading volume of 5,665,282 shares, compared to its average volume of 5,817,790. The business's 50 day moving average is $33.10 and its two-hundred day moving average is $34.81. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The company has a market cap of $32.56 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05.

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

HP Announces Dividend

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

Insiders Place Their Bets

In related news, insider Stephanie Liebman sold 11,000 shares of the company's stock in a transaction 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 directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were 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 in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 in the last quarter. Corporate insiders own 0.41% of the company's stock.

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.