Barclays PLC Sells 690,075 Shares of HP Inc. (NYSE:HPQ)

Barclays PLC lowered its stake in HP Inc. (NYSE:HPQ - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,617,498 shares of the computer maker's stock after selling 690,075 shares during the quarter. Barclays PLC owned about 0.17% of HP worth $52,780,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPQ. TIAA Trust National Association grew its holdings in HP by 1.8% during the fourth quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after purchasing an additional 302 shares during the period. HBK Sorce Advisory LLC grew its holdings in shares of HP by 2.7% in the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after buying an additional 306 shares during the period. Auxano Advisors LLC increased its position in shares of HP by 3.7% in the 4th quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after buying an additional 310 shares in the last quarter. Wedmont Private Capital raised its stake in HP by 2.6% during the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock worth $420,000 after buying an additional 316 shares during the period. Finally, Pinnacle Financial Partners Inc grew its stake in HP by 2.7% in the fourth quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock valued at $400,000 after acquiring an additional 319 shares during the period. Institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HPQ. 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 report on Friday, January 3rd. StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Barclays increased their target price on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Morgan Stanley dropped their target price on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Finally, Citigroup lowered their price objective on shares of HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $34.00.

HP Price Performance

NYSE HPQ traded up $0.15 during trading on Tuesday, reaching $23.90. 709,597 shares of the company's stock were exchanged, compared to its average volume of 8,165,829. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The business has a 50 day moving average price of $28.38 and a 200-day moving average price of $32.62. The stock has a market capitalization of $22.53 billion, a P/E ratio of 8.51, a PEG ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.84%. HP's dividend payout ratio is currently 41.37%.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anneliese Olson sold 21,545 shares of the company's 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 transaction, the insider now owns 169 shares in the company, valued at $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

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.