HP Inc. (NYSE:HPQ) Shares Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC raised its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,797,997 shares of the computer maker's stock after purchasing an additional 31,575 shares during the period. HP accounts for 2.5% of Applied Finance Capital Management LLC's portfolio, making the stock its 6th largest holding. Applied Finance Capital Management LLC owned 0.19% of HP worth $58,669,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now owns 169 shares of the company's stock, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

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HP Price Performance

Shares of HPQ traded up $0.55 during mid-day trading on Friday, reaching $23.42. The company had a trading volume of 10,168,027 shares, compared to its average volume of 7,807,575. The company has a market capitalization of $22.08 billion, a P/E ratio of 8.34, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The company's 50-day moving average is $29.45 and its 200-day moving average is $33.11.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. As a group, equities analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.94%. HP's dividend payout ratio is 41.37%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased their price target on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. TD Cowen lowered their price target on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. StockNews.com downgraded HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, HP currently has an average rating of "Hold" and a consensus price target of $36.14.

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.