HP Inc. (NYSE:HPQ) Shares Sold by Dodge & Cox

Dodge & Cox lessened its position in HP Inc. (NYSE:HPQ - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,745,905 shares of the computer maker's stock after selling 76,270 shares during the quarter. Dodge & Cox owned about 3.60% of HP worth $1,101,129,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of HP by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after purchasing an additional 579,525 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in HP by 4.2% during the fourth quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock worth $482,164,000 after acquiring an additional 592,391 shares in the last quarter. Invesco Ltd. increased its stake in HP by 7.3% during the 4th quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock worth $310,351,000 after purchasing an additional 643,192 shares in the last quarter. Norges Bank bought a new position in HP in the fourth quarter valued at approximately $229,320,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of HP by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock valued at $222,985,000 after buying an additional 90,606 shares during the period. 77.53% of the stock is owned by institutional investors.

HP Stock Up 1.3 %

Shares of NYSE:HPQ traded up $0.30 during midday trading on Friday, hitting $23.77. 6,784,568 shares of the stock traded hands, compared to its average volume of 7,847,123. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The stock has a market capitalization of $22.41 billion, a PE ratio of 8.46, a P/E/G ratio of 2.96 and a beta of 1.09. The business's 50 day moving average is $28.56 and its two-hundred day moving average is $32.74.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid 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 yield of 4.87%. HP's dividend payout ratio is presently 41.37%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Loop Capital reduced their price objective 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. Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. StockNews.com cut shares of HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Citigroup dropped 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 research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $34.00.

Insider Activity at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The shares were 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. 0.38% of the stock is owned by company insiders.

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.