BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in HP Inc. (NYSE:HPQ)

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,864 shares of the computer maker's stock after selling 33,125 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in HP were worth $2,019,000 at the end of the most recent reporting period.

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

HP Trading Down 0.0 %

NYSE:HPQ opened at $23.82 on Tuesday. The firm's fifty day simple moving average is $28.38 and its 200 day simple moving average is $32.62. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The firm has a market capitalization of $22.46 billion, a price-to-earnings ratio of 8.48, a PEG 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, hitting analysts' consensus estimates of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. On average, analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 4.86%. HP's dividend payout ratio is presently 41.37%.

Insiders Place Their Bets

In related news, insider Stephanie Liebman sold 15,646 shares of the company's stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction on Thursday, March 27th. The stock was 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 directly owns 169 shares of the company's stock, valued at approximately $4,814.81. This 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 company insiders.

Analyst Ratings Changes

A number of research firms recently commented on HPQ. Loop Capital dropped their price objective on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company upped their price objective 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. Barclays boosted their price target on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. TD Cowen decreased their price target on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Finally, Citigroup cut 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 equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $34.00.

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.

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