Groupama Asset Managment Sells 36,580 Shares of HP Inc. (NYSE:HPQ)

Groupama Asset Managment lessened its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 69.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,388 shares of the computer maker's stock after selling 36,580 shares during the period. Groupama Asset Managment's holdings in HP were worth $535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in HP during the 4th quarter worth $31,000. OFI Invest Asset Management acquired a new position in HP in the fourth quarter worth about $37,000. Wingate Wealth Advisors Inc. acquired a new position in shares of HP in the 4th quarter worth approximately $50,000. Finally, Summit Securities Group LLC bought a new stake in shares of HP in the 4th quarter valued at approximately $55,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on HPQ. StockNews.com lowered shares of HP from a "buy" rating to a "hold" rating in a report on Tuesday. Loop Capital lowered 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. TD Cowen cut their target price on HP from $39.00 to $38.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Morgan Stanley reduced their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company lifted their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, HP presently has a consensus rating of "Hold" and a consensus target price of $36.14.

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HP Stock Performance

Shares of NYSE HPQ traded up $2.44 during mid-day trading on Wednesday, reaching $24.32. The company had a trading volume of 19,733,121 shares, compared to its average volume of 7,769,848. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The stock's 50 day moving average is $29.81 and its 200-day moving average is $33.31. The stock has a market capitalization of $22.93 billion, a PE ratio of 8.65, 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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. On average, sell-side analysts anticipate that HP Inc. will post 3.56 EPS 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 given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Wednesday, March 12th. HP's dividend payout ratio is currently 41.37%.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction on Monday, March 24th. The stock was 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 currently owned by corporate insiders.

HP Company 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.