Corient Private Wealth LLC Sells 75,027 Shares of HP Inc. (NYSE:HPQ)

Corient Private Wealth LLC reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 330,677 shares of the computer maker's stock after selling 75,027 shares during the quarter. Corient Private Wealth LLC's holdings in HP were worth $10,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi raised its stake in HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after purchasing an additional 899,349 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock valued at $41,391,000 after buying an additional 160,268 shares during the last quarter. Oak Thistle LLC lifted its position in shares of HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock valued at $1,132,000 after buying an additional 21,805 shares during the last quarter. Tidal Investments LLC raised its position in shares of HP by 47.5% in the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock valued at $5,259,000 after purchasing an additional 47,230 shares during the last quarter. Finally, MML Investors Services LLC raised its position in HP by 35.0% during the 3rd quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker's stock worth $2,243,000 after buying an additional 16,207 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

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HP Stock Up 0.4 %

HPQ stock traded up $0.12 during trading on Friday, reaching $28.63. 23,907,554 shares of the company's stock were exchanged, compared to its average volume of 7,185,643. The firm has a market cap of $26.98 billion, a PE ratio of 10.19, a P/E/G ratio of 2.96 and a beta of 1.09. The company's fifty day moving average price is $31.88 and its 200-day moving average price is $34.18. HP Inc. has a 1-year low of $27.43 and a 1-year 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 for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to analyst estimates 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 expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

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

Insider Activity at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company's stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HPQ. Morgan Stanley dropped their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. TD Cowen decreased their price objective 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 HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. StockNews.com upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Citigroup reduced their price objective on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $36.14.

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.