Andra AP fonden Boosts Holdings in HP Inc. (NYSE:HPQ)

Andra AP fonden raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,534,700 shares of the computer maker's stock after purchasing an additional 145,100 shares during the period. HP accounts for about 0.8% of Andra AP fonden's investment portfolio, making the stock its 17th biggest holding. Andra AP fonden owned approximately 0.16% of HP worth $50,077,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of HP during the 3rd quarter valued at $25,000. Synergy Asset Management LLC bought a new stake in HP during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP in the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of HP in the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of HP during the third quarter worth about $44,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Activity

In other news, insider Alex Cho sold 40,287 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the transaction, the insider now directly owns 64,676 shares in the company, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company's stock, valued at $204,002.50. This represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,643 shares of company stock valued at $4,319,565. 0.38% of the stock is currently owned by insiders.

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Analyst Ratings Changes

Several research analysts have weighed in on HPQ shares. Wells Fargo & Company upped their price target on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. StockNews.com cut shares of HP from a "buy" rating to a "hold" rating in a research note on Monday. Citigroup decreased their price target on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. Loop Capital dropped their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their target price on HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $36.14.

HP Price Performance

Shares of HP stock traded down $1.32 on Tuesday, reaching $28.66. The company had a trading volume of 10,782,646 shares, compared to its average volume of 7,202,112. The firm has a market cap of $27.01 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 2.96 and a beta of 1.09. The firm's 50-day moving average price is $32.71 and its two-hundred day moving average price is $34.61. 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 posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. As a group, analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.04%. HP's dividend payout ratio (DPR) is presently 41.37%.

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.