HP Inc. (NYSE:HPQ) Stake Raised by Candriam S.C.A.

Candriam S.C.A. lifted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,038 shares of the computer maker's stock after purchasing an additional 14,334 shares during the period. Candriam S.C.A.'s holdings in HP were worth $3,525,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in HP during the third quarter worth about $25,000. Synergy Asset Management LLC purchased a new position in shares of HP in the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of HP in the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the 3rd quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HP during the 3rd quarter valued at approximately $44,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

HP stock traded up $0.18 during midday trading on Wednesday, reaching $28.51. The company's stock had a trading volume of 9,173,169 shares, compared to its average volume of 7,209,042. The firm has a market capitalization of $26.87 billion, a PE ratio of 10.14, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $39.80. The stock's 50 day simple moving average is $32.63 and its 200 day simple moving average is $34.56.

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HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. Equities analysts predict 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 issued a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.06%. HP's dividend payout ratio is currently 41.37%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPQ. Morgan Stanley dropped their target price on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company upped their price target on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. TD Cowen reduced their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Barclays upped their price target on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $36.14.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of the firm's 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 sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kristen M. Ludgate sold 74,356 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.43, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is 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.