Canada Post Corp Registered Pension Plan Makes New Investment in HP Inc. (NYSE:HPQ)

Canada Post Corp Registered Pension Plan purchased a new position in HP Inc. (NYSE:HPQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,687 shares of the computer maker's stock, valued at approximately $381,000.

Several other institutional investors have also recently made changes to their positions in HPQ. TIAA Trust National Association boosted 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 worth $548,000 after acquiring an additional 302 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in HP by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock worth $374,000 after buying an additional 306 shares during the last quarter. Auxano Advisors LLC lifted its stake in shares of HP by 3.7% in the fourth 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 holdings in shares of HP by 2.6% in the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock worth $420,000 after acquiring an additional 316 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in HP by 2.7% during the 4th 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. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HPQ shares. JPMorgan Chase & Co. dropped their target price on HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a report on Thursday. StockNews.com downgraded shares of HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Morgan Stanley cut their price target on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Finally, Citigroup decreased their price objective on shares of HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research note 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 given a buy rating to the company. Based on data from MarketBeat.com, HP currently has an average rating of "Hold" and a consensus target price of $34.00.

HP Price Performance

NYSE:HPQ traded down $0.69 on Monday, reaching $23.15. 1,161,654 shares of the company's stock were exchanged, compared to its average volume of 7,833,427. The stock has a fifty day simple moving average of $28.56 and a 200-day simple moving average of $32.70. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The firm has a market cap of $21.82 billion, a price-to-earnings ratio of 8.24, a P/E/G 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Wednesday, March 12th. HP's dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on 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 sale, the insider now directly owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the 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 disclosure for this sale can be found here. 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.