LPL Financial LLC Acquires 25,169 Shares of HP Inc. (NYSE:HPQ)

LPL Financial LLC increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,970 shares of the computer maker's stock after acquiring an additional 25,169 shares during the period. LPL Financial LLC's holdings in HP were worth $13,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. Townsquare Capital LLC grew its holdings in shares of HP by 72.6% in the 3rd quarter. Townsquare Capital LLC now owns 14,725 shares of the computer maker's stock worth $528,000 after acquiring an additional 6,192 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of HP by 136.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 42,578 shares of the computer maker's stock valued at $1,527,000 after purchasing an additional 24,600 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in HP by 11.3% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 526,662 shares of the computer maker's stock worth $18,891,000 after purchasing an additional 53,341 shares in the last quarter. Centiva Capital LP acquired a new stake in HP during the 3rd quarter worth about $229,000. Finally, Hilltop Holdings Inc. lifted its stake in HP by 41.5% during the third quarter. Hilltop Holdings Inc. now owns 50,109 shares of the computer maker's stock valued at $1,797,000 after buying an additional 14,703 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

HPQ has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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. Loop Capital reduced their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Morgan Stanley lowered their target price on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Barclays upped their price objective on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, Sanford C. Bernstein increased 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 analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.14.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

HP Price Performance

Shares of HPQ stock traded down $1.20 during trading on Friday, reaching $22.58. The company had a trading volume of 22,862,599 shares, compared to its average volume of 7,599,953. The company has a market capitalization of $21.29 billion, a PE ratio of 8.04, a PEG ratio of 2.96 and a beta of 1.09. The firm's 50 day simple moving average is $30.98 and its two-hundred day simple moving average is $33.79. HP Inc. has a one year low of $21.97 and a one year high of $39.80.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting 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 analysts' expectations of $13.35 billion. Analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 5.13%. HP's dividend payout ratio is 41.37%.

HP Company 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.