B. Metzler seel. Sohn & Co. AG Sells 22,456 Shares of HP Inc. (NYSE:HPQ)

B. Metzler seel. Sohn & Co. AG lessened its stake in HP Inc. (NYSE:HPQ - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,691 shares of the computer maker's stock after selling 22,456 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in HP were worth $2,535,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Townsquare Capital LLC grew its stake in shares of HP by 72.6% during the 3rd quarter. Townsquare Capital LLC now owns 14,725 shares of the computer maker's stock worth $528,000 after acquiring an additional 6,192 shares during the period. Public Sector Pension Investment Board boosted its position in HP by 136.8% during the third quarter. Public Sector Pension Investment Board now owns 42,578 shares of the computer maker's stock worth $1,527,000 after purchasing an additional 24,600 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in shares of HP by 11.3% in the third quarter. Chevy Chase Trust Holdings LLC now owns 526,662 shares of the computer maker's stock worth $18,891,000 after purchasing an additional 53,341 shares in the last quarter. Centiva Capital LP bought a new stake in shares of HP in the third quarter valued at approximately $229,000. Finally, Hilltop Holdings Inc. lifted its stake in shares of HP by 41.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 50,109 shares of the computer maker's stock valued at $1,797,000 after buying an additional 14,703 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

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HP Stock Down 5.0 %

NYSE:HPQ traded down $1.20 during midday trading on Friday, hitting $22.58. The company had a trading volume of 22,862,599 shares, compared to its average volume of 7,591,225. The company has a market capitalization of $21.29 billion, a PE ratio of 8.04, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $21.97 and a 52-week high of $39.80. The stock's fifty day moving average price is $30.98 and its 200-day moving average price is $33.79.

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

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.13%. HP's dividend payout ratio (DPR) is 41.37%.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction dated 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 is available through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares of the company's stock, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

HPQ has been the topic of a number of analyst reports. TD Cowen lowered their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Barclays increased their price objective on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. StockNews.com raised HP from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Finally, Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, HP presently has a consensus rating of "Hold" and an average target price of $36.14.

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.