Cibc World Markets Corp Has $4.96 Million Stake in HP Inc. (NYSE:HPQ)

Cibc World Markets Corp grew its holdings in HP Inc. (NYSE:HPQ - Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,082 shares of the computer maker's stock after acquiring an additional 19,238 shares during the period. Cibc World Markets Corp's holdings in HP were worth $4,962,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Hsbc Global Res lowered shares of HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. HSBC downgraded HP from a "buy" rating to a "hold" rating and dropped their price target for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Barclays increased their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $36.14.

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HP Stock Up 1.1 %

HPQ traded up $0.31 during trading on Monday, reaching $28.99. 5,804,627 shares of the company's stock were exchanged, compared to its average volume of 7,180,114. The business has a 50 day moving average price of $31.88 and a 200 day moving average price of $34.17. The company has a market capitalization of $27.33 billion, a P/E ratio of 10.32, a PEG ratio of 2.96 and a beta of 1.09. 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 posted its quarterly 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 during 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%. As a group, research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio (DPR) is 41.37%.

Insiders Place Their Bets

In related news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.38% of the company's stock.

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.