HP Inc. (NYSE:HPQ) Shares Sold by B. Metzler seel. Sohn & Co. AG

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi lifted its holdings in HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $217,319,000 after buying an additional 899,349 shares during the period. Principal Financial Group Inc. lifted its stake in shares of HP by 16.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock worth $41,391,000 after purchasing an additional 160,268 shares during the last quarter. Oak Thistle LLC boosted its position in HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock valued at $1,132,000 after purchasing an additional 21,805 shares in the last quarter. Tidal Investments LLC grew its stake in HP by 47.5% in the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock valued at $5,259,000 after purchasing an additional 47,230 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in HP by 35.0% in the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker's stock worth $2,243,000 after purchasing an additional 16,207 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. 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. StockNews.com upgraded shares of HP from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. TD Cowen cut their price target 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. Barclays increased their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Sanford C. Bernstein upped their target price on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.14.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, 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 corporate insiders.

HP Price Performance

HPQ traded down $1.20 during trading on Friday, reaching $22.58. 22,862,599 shares of the company's stock were exchanged, compared to its average volume of 7,609,687. HP Inc. has a 1 year low of $21.96 and a 1 year high of $39.80. The company's fifty day simple moving average is $30.78 and its 200-day simple moving average is $33.71. The stock has a market capitalization of $21.29 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. Equities analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Wednesday, March 12th. HP's dividend payout ratio is currently 41.37%.

About HP

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.