Cerity Partners LLC Has $7.75 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Cerity Partners LLC lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,475 shares of the computer maker's stock after acquiring an additional 20,050 shares during the quarter. Cerity Partners LLC's holdings in HP were worth $7,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wedbush Securities Inc. raised its holdings in HP by 34.6% during the 4th quarter. Wedbush Securities Inc. now owns 18,568 shares of the computer maker's stock worth $606,000 after buying an additional 4,776 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of HP by 3.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,718,989 shares of the computer maker's stock valued at $56,091,000 after acquiring an additional 61,492 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of HP in the 4th quarter valued at approximately $921,000. Resona Asset Management Co. Ltd. acquired a new position in HP in the 4th quarter worth approximately $9,481,000. Finally, Integrated Quantitative Investments LLC purchased a new position in HP during the 4th quarter worth approximately $310,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the firm's 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 sale, the insider now owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several analysts have recently commented on HPQ shares. Citigroup decreased their target price on HP from $36.50 to $25.00 and set a "neutral" rating for the company in a research report on Monday. TD Cowen dropped their target price on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Loop Capital reduced their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. Sanford C. Bernstein boosted their price objective on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.09.

HP Stock Performance

Shares of NYSE HPQ traded down $0.32 during mid-day trading on Tuesday, reaching $23.72. 9,158,808 shares of the company traded hands, compared to its average volume of 7,824,162. The company's fifty day moving average is $29.28 and its two-hundred day moving average is $33.03. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.80. The stock has a market cap of $22.36 billion, a PE ratio of 8.44, a price-to-earnings-growth 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 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current 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 dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.88%. HP's dividend payout ratio (DPR) is presently 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.