50,044 Shares in HP Inc. (NYSE:HPQ) Purchased by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,044 shares of the computer maker's stock, valued at approximately $1,633,000.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of HP during the third quarter worth about $25,000. Wolff Wiese Magana LLC lifted its stake in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker's stock valued at $35,000 after acquiring an additional 518 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in HP during the 3rd quarter worth approximately $37,000. Itau Unibanco Holding S.A. bought a new position in shares of HP during the 3rd quarter worth approximately $40,000. Finally, Fairscale Capital LLC bought a new position in shares of HP during the 2nd quarter worth approximately $46,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup reduced their target price on shares of HP from $37.00 to $36.50 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Bank of America cut shares of HP from a "buy" rating to a "neutral" rating and set a $37.00 price target on the stock. in a research report on Friday, September 27th. TD Cowen raised their price objective on HP from $32.00 to $39.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price target on HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $36.23.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares of the company's stock, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the firm's 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 transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,035 shares of company stock worth $9,670,068. Company insiders own 0.41% of the company's stock.

HP Stock Performance

HPQ traded up $0.18 during trading hours on Friday, reaching $32.53. The company's stock had a trading volume of 8,455,648 shares, compared to its average volume of 5,433,404. The company's 50-day moving average is $34.78 and its 200-day moving average is $35.34. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The firm has a market cap of $30.51 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. Equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from HP's previous quarterly dividend of $0.28. HP's payout ratio is currently 41.28%.

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.