Brooklyn FI LLC Purchases New Shares in HP Inc. (NYSE:HPQ)

Brooklyn FI LLC purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 254,928 shares of the computer maker's stock, valued at approximately $9,162,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HPQ. Synergy Asset Management LLC purchased a new position in shares of HP during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter worth about $31,000. OFI Invest Asset Management acquired a new position in HP in the 4th quarter valued at about $37,000. Itau Unibanco Holding S.A. acquired a new position in HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HP in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Price Performance

Shares of HP stock traded up $0.12 during trading on Friday, hitting $28.63. The stock had a trading volume of 23,907,554 shares, compared to its average volume of 7,185,643. The firm has a market cap of $26.98 billion, a P/E ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. The business has a fifty day moving average of $31.88 and a two-hundred day moving average of $34.18. HP Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. As a group, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

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HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio (DPR) is currently 41.37%.

Wall Street Analyst Weigh In

HPQ has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Citigroup dropped their price objective on HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. TD Cowen decreased their price objective 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, HSBC lowered HP from a "buy" rating to a "hold" rating and decreased their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, HP presently has an average rating of "Hold" and an average price target of $36.14.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.