Milestone Asset Management LLC Has $1.85 Million Stock Position in HP Inc. (NYSE:HPQ)

Milestone Asset Management LLC boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 39.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,786 shares of the computer maker's stock after purchasing an additional 16,173 shares during the period. Milestone Asset Management LLC's holdings in HP were worth $1,853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in HP during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC lifted its holdings in HP by 115.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker's stock worth $35,000 after buying an additional 518 shares during the last quarter. ORG Wealth Partners LLC bought a new position in HP during the 3rd quarter worth approximately $37,000. Itau Unibanco Holding S.A. bought a new position in HP during the 3rd quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research analyst reports. 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. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Citigroup dropped their price target on HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. TD Cowen increased their price target on HP from $32.00 to $39.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Finally, HSBC cut HP from a "buy" rating to a "hold" rating and dropped their price target for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.23.

HP Trading Up 0.8 %

HPQ traded up $0.27 during trading hours on Thursday, hitting $32.88. The company's stock had a trading volume of 1,517,637 shares, compared to its average volume of 5,987,864. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The firm has a market capitalization of $30.83 billion, a PE ratio of 11.70, a PEG ratio of 2.83 and a beta of 1.05. The company has a 50-day simple moving average of $34.14 and a 200 day simple moving average of $35.20.

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

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were issued a $0.2894 dividend. This is a positive change from HP's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.52%. HP's dividend payout ratio is 41.28%.

Insider Activity

In other news, insider Alex Cho sold 10,298 shares of HP stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value 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. The trade was a 13.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 over the last 90 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.