HP Inc. (NYSE:HPQ) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors cut its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,214 shares of the computer maker's stock after selling 17,282 shares during the period. Ibex Wealth Advisors' holdings in HP were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of HP during the third quarter worth $25,000. Wolff Wiese Magana LLC increased its holdings in shares of HP by 115.1% in the third 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 purchased a new position in shares of HP in the third quarter worth about $37,000. Itau Unibanco Holding S.A. purchased a new stake in HP in the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in HP in the 3rd quarter worth approximately $44,000. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 0.8 %

HPQ traded up $0.27 during mid-day trading on Thursday, hitting $32.88. 1,106,169 shares of the stock were exchanged, compared to its average volume of 5,967,221. The company has a market cap of $30.83 billion, a PE ratio of 11.69, a PEG ratio of 2.83 and a beta of 1.05. The firm's fifty day moving average is $34.14 and its two-hundred day moving average is $35.20. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79.

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 for the quarter, meeting analysts' consensus estimates of $0.93. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. As a group, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a $0.2894 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%. This is a positive change from HP's previous quarterly dividend of $0.28. HP's dividend payout ratio (DPR) is currently 41.28%.

Insider Activity

In other news, insider Alex Cho sold 40,287 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total value of $1,401,987.60. Following the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,250,724.80. This represents a 38.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Enrique Lores sold 137,094 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now owns 89,272 shares of the company's stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. HSBC cut HP from a "buy" rating to a "hold" rating and decreased their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. Barclays increased their target price on HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. TD Cowen boosted their price objective on HP from $32.00 to $39.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. reduced their target price on shares of HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their target price on HP from $32.00 to $34.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $36.23.

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.