Natixis Advisors LLC Sells 34,784 Shares of HP Inc. (NYSE:HPQ)

Natixis Advisors LLC reduced its position in HP Inc. (NYSE:HPQ - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,008,179 shares of the computer maker's stock after selling 34,784 shares during the quarter. Natixis Advisors LLC owned approximately 0.11% of HP worth $32,897,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HPQ. Aptus Capital Advisors LLC acquired a new stake in shares of HP in the third quarter valued at $312,000. Oppenheimer Asset Management Inc. boosted its holdings in HP by 108.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 15,213 shares of the computer maker's stock worth $546,000 after buying an additional 7,924 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in HP by 15.6% during the third quarter. CIBC Asset Management Inc now owns 167,533 shares of the computer maker's stock worth $6,009,000 after buying an additional 22,580 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in HP by 4.8% during the third quarter. Kentucky Retirement Systems now owns 68,172 shares of the computer maker's stock worth $2,445,000 after buying an additional 3,136 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in HP by 4.1% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 28,973 shares of the computer maker's stock valued at $1,039,000 after acquiring an additional 1,136 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays boosted their target price on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. StockNews.com raised HP from a "hold" rating to a "buy" rating in a report on Tuesday. Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Finally, Loop Capital cut their target price on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $36.14.

HP Stock Performance

Shares of HP stock traded down $0.25 during midday trading on Thursday, hitting $28.52. The company had a trading volume of 5,524,078 shares, compared to its average volume of 7,105,761. The stock has a market capitalization of $26.88 billion, a P/E ratio of 10.15, a P/E/G ratio of 2.96 and a beta of 1.09. The company has a 50 day moving average of $32.07 and a 200 day moving average of $34.28. HP Inc. has a 52-week low of $27.43 and a 52-week high of $39.80.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 negative return on equity of 253.39% and a net margin of 5.18%. Equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.06%. HP's dividend payout ratio (DPR) is presently 41.37%.

Insider Activity at HP

In related 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 transaction of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by company insiders.

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.