Intech Investment Management LLC Sells 77,872 Shares of HP Inc. (NYSE:HPQ)

Intech Investment Management LLC lowered its stake in HP Inc. (NYSE:HPQ - Free Report) by 47.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,638 shares of the computer maker's stock after selling 77,872 shares during the period. Intech Investment Management LLC's holdings in HP were worth $2,794,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Synergy Asset Management LLC bought a new position in shares of HP in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in shares of HP in the 4th quarter valued at $31,000. OFI Invest Asset Management acquired a new stake in shares of HP during the 4th quarter valued at $37,000. Itau Unibanco Holding S.A. bought a new stake in HP during the 3rd quarter worth $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP in the third quarter valued at about $44,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.

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HP Trading Up 1.1 %

Shares of HPQ traded up $0.31 during trading hours on Monday, reaching $28.99. The stock had a trading volume of 5,804,642 shares, compared to its average volume of 7,180,114. The company has a market capitalization of $27.33 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 2.96 and a beta of 1.09. The firm has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $34.17. HP Inc. has a 12 month low of $27.43 and a 12 month high of $39.80.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The company 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%. On average, equities analysts forecast that HP Inc. will post 3.56 EPS for the current 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 issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.99%. HP's dividend payout ratio (DPR) is currently 41.37%.

Analyst Ratings Changes

HPQ has been the subject of several recent research reports. Loop Capital lowered their price objective on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. Barclays upped their price target on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. HSBC lowered shares of HP from a "buy" rating to a "hold" rating and cut their price target for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Wells Fargo & Company increased their price objective on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein lifted their target price 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.com, HP presently has an average rating of "Hold" and a consensus price target of $36.14.

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.