Empowered Funds LLC Has $11.59 Million Holdings in HP Inc. (NYSE:HPQ)

Empowered Funds LLC increased its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 158.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,040 shares of the computer maker's stock after acquiring an additional 217,910 shares during the period. Empowered Funds LLC's holdings in HP were worth $11,585,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in HP during the third quarter worth $25,000. Synergy Asset Management LLC acquired a new position in shares of HP during the 4th quarter worth about $26,000. Wolff Wiese Magana LLC raised its holdings in shares of HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker's stock valued at $35,000 after purchasing an additional 518 shares during the period. ORG Wealth Partners LLC acquired a new stake in HP in the 3rd quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in HP during the third quarter worth about $40,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HPQ. Barclays upped their price objective on HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. TD Cowen raised their price target on HP from $32.00 to $39.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Hsbc Global Res downgraded shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. JPMorgan Chase & Co. lowered their price target on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Finally, Citigroup reduced their price objective on HP from $37.00 to $36.50 and set a "neutral" rating for the company in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.23.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider now owns 6,277 shares of the company's stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alex Cho sold 10,298 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. This represents a 13.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,035 shares of company stock worth $9,670,068. Insiders own 0.41% of the company's stock.

HP Stock Down 0.3 %

Shares of NYSE:HPQ traded down $0.11 during trading on Wednesday, reaching $33.04. 4,312,315 shares of the company traded hands, compared to its average volume of 5,914,940. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The firm has a market capitalization of $30.98 billion, a PE ratio of 11.76, a PEG ratio of 2.78 and a beta of 1.05. The company's 50 day moving average is $33.34 and its two-hundred day moving average is $34.88.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.93. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. As a group, research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio (DPR) is currently 41.28%.

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.