HP Inc. (NYSE:HPQ) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,999 shares of the computer maker's stock after selling 13,137 shares during the period. Avantax Advisory Services Inc.'s holdings in HP were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of HP by 8.2% in the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker's stock valued at $1,871,046,000 after purchasing an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC raised its position in shares of HP by 11.1% in the 3rd 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 last quarter. Pacer Advisors Inc. raised its position in shares of HP by 4.2% in the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock valued at $482,164,000 after purchasing an additional 592,391 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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. raised its position in shares of HP by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock valued at $222,985,000 after purchasing an additional 90,606 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HPQ shares. Sanford C. Bernstein raised 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. Citigroup dropped their price objective 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. Wells Fargo & Company lifted their price target on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Morgan Stanley dropped their price target on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, Hsbc Global Res cut shares of 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 issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, HP presently has a consensus rating of "Hold" and a consensus target price of $36.14.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares of the company's stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

HP Price Performance

Shares of HPQ traded up $0.12 during mid-day trading on Friday, reaching $28.63. The stock had a trading volume of 23,907,554 shares, compared to its average volume of 7,176,088. The business's fifty day moving average is $31.88 and its 200 day moving average is $34.18. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80. The firm has a market cap of $26.98 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 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 for the quarter, compared to analysts' expectations of $13.35 billion. As a group, sell-side analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business 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 $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 payout ratio is currently 41.37%.

HP Company 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.