HP Inc. (NYSE:HPQ) Position Increased by Barclays PLC

Barclays PLC increased its holdings in HP Inc. (NYSE:HPQ - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,307,573 shares of the computer maker's stock after acquiring an additional 183,741 shares during the quarter. Barclays PLC owned approximately 0.24% of HP worth $82,772,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LVW Advisors LLC increased its position in shares of HP by 1.2% in the 3rd quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker's stock worth $857,000 after purchasing an additional 278 shares during the last quarter. Castleview Partners LLC increased its holdings in HP by 8.1% in the third quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker's stock valued at $138,000 after buying an additional 289 shares during the last quarter. Versant Capital Management Inc lifted its holdings in HP by 5.9% during the 3rd quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker's stock worth $191,000 after buying an additional 297 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of HP by 3.2% in the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker's stock worth $346,000 after acquiring an additional 303 shares in the last quarter. Finally, Arvest Investments Inc. increased its holdings in shares of HP by 0.9% in the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker's stock valued at $1,232,000 after acquiring an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Up 1.2 %

HP stock traded up $0.43 during mid-day trading on Thursday, hitting $34.98. 5,056,205 shares of the company's stock traded hands, compared to its average volume of 7,846,775. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The firm has a 50 day moving average price of $36.63 and a 200 day moving average price of $35.81. The company has a market cap of $33.71 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 3.09 and a beta of 1.04.

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

HP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a dividend of $0.2894 per share. This is a boost from HP's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 11th. This represents a $1.16 annualized dividend and a yield of 3.31%. HP's payout ratio is presently 40.93%.

HP announced that its board has authorized a stock repurchase program on Wednesday, August 28th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the computer maker to repurchase up to 28.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have weighed in on HPQ. Loop Capital lowered their target price on shares of HP from $37.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, September 5th. Bank of America downgraded shares of HP from a "buy" rating to a "neutral" rating and set a $37.00 price objective for the company. in a research report on Friday, September 27th. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Citigroup decreased their target price on HP from $37.00 to $36.50 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Finally, HSBC downgraded 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, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $36.45.

Insiders Place Their Bets

In other HP news, insider Alex Cho sold 40,287 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 64,676 shares of the company's stock, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $4,997,076.30. Following the completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. This represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,679 shares of company stock worth $6,752,491 over the last ninety days. Company 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.