29,286 Shares in HP Inc. (NYSE:HPQ) Acquired by Kennondale Capital Management LLC

Kennondale Capital Management LLC purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,286 shares of the computer maker's stock, valued at approximately $956,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Synergy Asset Management LLC bought a new stake in shares of HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP during the fourth quarter worth about $31,000. OFI Invest Asset Management bought a new stake in shares of HP during the fourth quarter worth about $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the third quarter worth about $44,000. 77.53% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 6,277 shares of the company's stock, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.38% of the company's stock.

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HP Stock Performance

HPQ traded up $0.12 during midday trading on Friday, reaching $28.63. The company had a trading volume of 23,907,554 shares, compared to its average volume of 7,176,088. The stock has a market cap of $26.98 billion, a PE ratio of 10.19, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80. The business has a 50-day moving average price of $31.88 and a two-hundred day moving average price of $34.18.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio (DPR) is currently 41.37%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. HSBC downgraded shares of HP from a "buy" rating to a "hold" rating and decreased their target price for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. Morgan Stanley decreased their target price on shares of HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Barclays boosted their price target on shares of HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Citigroup cut their price target on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company 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.