Crossmark Global Holdings Inc. cut its position in HP Inc. (NYSE:HPQ - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 677,209 shares of the computer maker's stock after selling 15,013 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.07% of HP worth $22,098,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LVW Advisors LLC raised its stake in shares of HP by 1.2% during the third quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker's stock valued at $857,000 after purchasing an additional 278 shares in the last quarter. Castleview Partners LLC increased its stake in HP by 8.1% during the 3rd quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker's stock valued at $138,000 after buying an additional 289 shares during the period. Versant Capital Management Inc raised its position in shares of HP by 5.9% during the 3rd quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker's stock worth $191,000 after buying an additional 297 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of HP by 3.2% in the third quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker's stock valued at $346,000 after acquiring an additional 303 shares in the last quarter. Finally, Arvest Investments Inc. boosted its holdings in shares of HP by 0.9% in the third quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker's stock valued at $1,232,000 after acquiring an additional 310 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other HP news, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 89,272 shares of the company's stock, valued at $3,253,964.40. This represents a 60.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alex Cho sold 10,298 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the sale, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last quarter. Insiders own 0.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on HPQ shares. JPMorgan Chase & Co. cut their target price on HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Hsbc Global Res cut HP from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Barclays upped their price target on shares of HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Bank of America cut shares of HP from a "buy" rating to a "neutral" rating and set a $37.00 price objective on the stock. in a research note on Friday, September 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $36.23.
Check Out Our Latest Report on HP
HP Price Performance
NYSE HPQ traded up $0.45 on Tuesday, hitting $32.96. 7,753,718 shares of the stock were exchanged, compared to its average volume of 6,526,542. The company's 50-day moving average price is $34.68 and its two-hundred day moving average price is $35.33. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a market capitalization of $30.91 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.77 and a beta of 1.05.
HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. Equities analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.
HP Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were issued a dividend of $0.2894 per share. This is a positive change from HP's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.51%. The ex-dividend date was Wednesday, December 11th. HP's dividend payout ratio (DPR) is 41.28%.
HP Company Profile
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Free Report)
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.
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