Brandywine Global Investment Management LLC Decreases Stock Position in HP Inc. (NYSE:HPQ)

Brandywine Global Investment Management LLC lessened its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 811,866 shares of the computer maker's stock after selling 62,873 shares during the period. Brandywine Global Investment Management LLC owned about 0.09% of HP worth $26,491,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HPQ. TIAA Trust National Association increased 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 buying an additional 302 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of HP by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock worth $374,000 after acquiring an additional 306 shares in the last quarter. Auxano Advisors LLC lifted its stake in HP by 3.7% during the fourth 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 boosted its holdings in HP by 2.6% in the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock valued at $420,000 after purchasing an additional 316 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased 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 purchasing an additional 319 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the business'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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the 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 of the company's stock, valued at $4,814.81. This represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

HPQ has been the subject of several research analyst reports. Barclays upped their target price on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Wells Fargo & Company raised their price objective on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Loop Capital reduced their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Finally, Sanford C. Bernstein lifted their price target on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.14.

HP Stock Down 5.0 %

Shares of NYSE HPQ traded down $1.20 during mid-day trading on Friday, hitting $22.58. 22,862,599 shares of the company were exchanged, compared to its average volume of 7,599,930. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The stock has a 50 day simple moving average of $30.78 and a 200-day simple moving average of $33.72. HP Inc. has a 1-year low of $21.96 and a 1-year high of $39.80.

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

HP Dividend Announcement

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

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.