Teacher Retirement System of Texas Has $29.81 Million Stock Position in HP Inc. (NYSE:HPQ)

Teacher Retirement System of Texas reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 16.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 913,686 shares of the computer maker's stock after selling 180,193 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of HP worth $29,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. lifted its holdings in HP by 4.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 431,344 shares of the computer maker's stock valued at $14,075,000 after buying an additional 18,840 shares during the period. Investment House LLC lifted its stake in HP by 0.9% in the fourth quarter. Investment House LLC now owns 291,597 shares of the computer maker's stock valued at $9,515,000 after buying an additional 2,490 shares during the period. Brooklyn FI LLC bought a new position in HP during the fourth quarter worth about $9,162,000. Xponance Inc. grew its position in shares of HP by 6.4% during the 4th quarter. Xponance Inc. now owns 176,539 shares of the computer maker's stock worth $5,760,000 after buying an additional 10,667 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in HP in the fourth quarter worth $1,528,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

HPQ traded down $0.22 during trading on Tuesday, hitting $28.78. The stock had a trading volume of 6,053,693 shares, compared to its average volume of 7,179,394. HP Inc. has a one year low of $27.43 and a one year high of $39.80. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 2.96 and a beta of 1.09. The company has a 50 day moving average price of $31.80 and a 200-day moving average price of $34.13.

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

HP Announces Dividend

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 given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio is currently 41.37%.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. HSBC downgraded shares of HP from a "buy" rating to a "hold" rating and dropped their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Barclays boosted their price target on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. 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 report on Friday, February 28th. Finally, Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.14.

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.