HP Inc. (NYSE:HPQ) Shares Bought by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 50.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,373 shares of the computer maker's stock after acquiring an additional 35,586 shares during the period. Lifeworks Advisors LLC's holdings in HP were worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. King Luther Capital Management Corp grew its stake in HP by 3.2% during 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. Arvest Investments Inc. grew its stake in HP by 0.9% during 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. Auxano Advisors LLC lifted its position in HP by 3.7% during the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after purchasing an additional 310 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in HP by 4.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,734 shares of the computer maker's stock valued at $277,000 after purchasing an additional 316 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in HP by 2.6% during the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock valued at $420,000 after purchasing an additional 316 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

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HP Stock Up 2.0 %

HPQ stock traded up $0.59 during trading on Friday, hitting $30.56. The company had a trading volume of 10,995,429 shares, compared to its average volume of 6,844,905. The firm has a market capitalization of $28.80 billion, a P/E ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $34.65.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. 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 declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio is presently 41.37%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Hsbc Global Res lowered shares of HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. JPMorgan Chase & Co. lowered their price objective on shares of HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. HSBC lowered shares of HP from a "buy" rating to a "hold" rating and lowered their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Sanford C. Bernstein increased their price objective on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Finally, TD Cowen lowered their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $36.14.

Insider Buying and Selling

In other HP news, insider Kristen M. Ludgate sold 74,356 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the transaction, the insider now owns 56,169 shares of the company's stock, valued at approximately $1,933,898.67. This trade represents a 56.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 262,737 shares of company stock valued at $9,316,641 in the last 90 days. Company insiders own 0.38% of the company's stock.

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.