Mizuho Securities USA LLC Buys 27,885 Shares of HP Inc. (NYSE:HPQ)

Mizuho Securities USA LLC grew its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,339 shares of the computer maker's stock after buying an additional 27,885 shares during the quarter. Mizuho Securities USA LLC's holdings in HP were worth $2,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in HPQ. Synergy Asset Management LLC bought a new stake in HP in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP in the 4th quarter valued at $31,000. OFI Invest Asset Management bought a new stake in HP in the fourth quarter worth $37,000. Itau Unibanco Holding S.A. bought a new position in HP during the third quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HP in the third quarter worth about $44,000. Institutional investors own 77.53% of the company's stock.

HP Stock Down 0.1 %

HPQ traded down $0.04 during trading on Thursday, reaching $28.68. 6,106,365 shares of the company's stock were exchanged, compared to its average volume of 7,168,910. HP Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $39.80. The company has a market capitalization of $27.03 billion, a P/E ratio of 10.20, a PEG ratio of 2.96 and a beta of 1.09. The business has a 50 day moving average price of $31.64 and a 200 day moving average price of $34.06.

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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, meeting analysts' consensus estimates of $0.74. The business 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%. As a group, research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. 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 payout ratio is 41.37%.

Insider Activity

In other HP news, insider Stephanie Liebman sold 11,000 shares of HP 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 completion of the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HPQ. Barclays raised their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Citigroup lowered their target price on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. TD Cowen cut their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Loop Capital lowered their price target on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Finally, Hsbc Global Res cut HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. 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 stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average 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.