Robeco Institutional Asset Management B.V. Decreases Holdings in HP Inc. (NYSE:HPQ)

Robeco Institutional Asset Management B.V. cut its position in HP Inc. (NYSE:HPQ - Free Report) by 32.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,605,047 shares of the computer maker's stock after selling 777,872 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.17% of HP worth $52,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its holdings in HP by 78.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 17,978 shares of the computer maker's stock valued at $630,000 after acquiring an additional 7,931 shares in the last quarter. Marshall Wace LLP bought a new position in HP in the second quarter valued at approximately $269,000. The Manufacturers Life Insurance Company raised its holdings in shares of HP by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 724,295 shares of the computer maker's stock worth $25,365,000 after buying an additional 19,342 shares in the last quarter. Creative Planning raised its stake in HP by 6.3% during the second quarter. Creative Planning now owns 213,889 shares of the computer maker's stock worth $7,490,000 after acquiring an additional 12,745 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in HP by 9.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,516 shares of the computer maker's stock valued at $1,454,000 after purchasing an additional 3,722 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HPQ shares. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Barclays raised their price objective on HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Sanford C. Bernstein upped their price objective on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. TD Cowen lifted their target price on shares of HP from $32.00 to $39.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Finally, Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.23.

HP Stock Up 1.1 %

NYSE:HPQ traded up $0.37 on Thursday, hitting $32.98. The stock had a trading volume of 366,941 shares, compared to its average volume of 5,927,353. The business's fifty day moving average is $34.14 and its 200 day moving average is $35.20. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The company has a market cap of $30.93 billion, a PE ratio of 11.74, a P/E/G ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. This is a positive change from HP's previous quarterly dividend of $0.28. HP's dividend payout ratio (DPR) is presently 41.28%.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 137,094 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were 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 directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the transaction, the insider now owns 64,676 shares of the company's stock, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 273,035 shares of company stock worth $9,670,068 over the last ninety days. 0.41% of the stock is currently owned by company insiders.

About HP

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.