Callan Family Office LLC Buys Shares of 39,372 HP Inc. (NYSE:HPQ)

Callan Family Office LLC acquired a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,372 shares of the computer maker's stock, valued at approximately $1,285,000.

Several other hedge funds and other institutional investors have also modified their holdings of HPQ. E Fund Management Co. Ltd. grew its position in HP by 55.9% in the 4th quarter. E Fund Management Co. Ltd. now owns 19,878 shares of the computer maker's stock worth $649,000 after purchasing an additional 7,131 shares during the last quarter. Candriam S.C.A. grew its position in HP by 15.3% during the fourth quarter. Candriam S.C.A. now owns 108,038 shares of the computer maker's stock worth $3,525,000 after buying an additional 14,334 shares in the last quarter. Raymond James Financial Inc. bought a new position in HP during the fourth quarter valued at about $36,492,000. Proficio Capital Partners LLC bought a new position in HP during the fourth quarter valued at about $211,000. Finally, Assetmark Inc. raised its holdings in HP by 3.8% in the 4th quarter. Assetmark Inc. now owns 137,278 shares of the computer maker's stock valued at $4,479,000 after acquiring an additional 5,009 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Ratings Changes

HPQ has been the topic of a number of research reports. HSBC cut HP from a "buy" rating to a "hold" rating and lowered their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. JPMorgan Chase & Co. lowered their price target on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Morgan Stanley dropped their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. TD Cowen decreased their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Finally, Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.14.

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HP Stock Performance

Shares of NYSE HPQ traded up $0.59 during mid-day trading on Friday, hitting $30.56. 10,995,429 shares of the stock were exchanged, compared to its average volume of 6,844,905. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The stock's fifty day simple moving average is $32.76 and its two-hundred day simple moving average is $34.65. The company has a market cap of $28.80 billion, a P/E ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The firm had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio is currently 41.37%.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the sale, the insider now owns 56,169 shares of the company's stock, valued at approximately $1,933,898.67. The trade was a 56.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,737 shares of company stock worth $9,316,641. 0.38% of the stock is currently owned by corporate insiders.

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.