HP Inc. (NYSE:HPQ) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in HP Inc. (NYSE:HPQ - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,873 shares of the computer maker's stock after selling 10,975 shares during the quarter. Atria Investments Inc's holdings in HP were worth $1,660,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Assetmark Inc. raised its position in shares of HP by 3.8% in the 4th quarter. Assetmark Inc. now owns 137,278 shares of the computer maker's stock worth $4,479,000 after buying an additional 5,009 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in shares of HP by 7.1% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 25,446 shares of the computer maker's stock worth $830,000 after purchasing an additional 1,687 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of HP by 18.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 138,272 shares of the computer maker's stock valued at $4,512,000 after purchasing an additional 21,613 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HP by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock worth $222,985,000 after purchasing an additional 90,606 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in HP by 1.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,281 shares of the computer maker's stock worth $923,000 after purchasing an additional 354 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

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Insider Buying and Selling

In other news, 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 sale, the insider now owns 6,277 shares of the company's stock, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kristen M. Ludgate sold 74,356 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was 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 represents a 56.97 % 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.

Analyst Ratings Changes

A number of brokerages have weighed in on HPQ. HSBC cut shares of HP from a "buy" rating to a "hold" rating and reduced their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. 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. StockNews.com lowered HP from a "buy" rating to a "hold" rating in a research report on Monday. Loop Capital lowered their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. Finally, Morgan Stanley reduced their price target on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, HP currently has a consensus rating of "Hold" and an average price target of $36.14.

HP Stock Performance

Shares of HP stock traded up $0.02 during trading on Wednesday, reaching $28.35. The company had a trading volume of 3,830,784 shares, compared to its average volume of 7,188,470. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth 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 firm's fifty day moving average is $32.63 and its 200-day moving average is $34.56.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. On average, research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.08%. HP's dividend payout ratio is currently 41.37%.

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.