Northwest & Ethical Investments L.P. Has $9.73 Million Stock Position in HP Inc. (NYSE:HPQ)

Northwest & Ethical Investments L.P. boosted its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 298,168 shares of the computer maker's stock after acquiring an additional 29,080 shares during the period. Northwest & Ethical Investments L.P.'s holdings in HP were worth $9,729,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. King Luther Capital Management Corp increased its position in shares of HP by 3.2% during the third quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker's stock valued at $346,000 after purchasing an additional 303 shares during the period. HBK Sorce Advisory LLC boosted its stake in HP by 2.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock worth $374,000 after buying an additional 306 shares in the last quarter. Auxano Advisors LLC increased its holdings in HP by 3.7% in the 4th quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after buying an additional 310 shares during the period. Wedmont Private Capital raised its stake in shares of HP by 2.6% in the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock valued at $420,000 after buying an additional 316 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its holdings in shares of HP by 2.7% during the 4th quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock worth $400,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

Remove Ads

HP Trading Down 0.8 %

NYSE HPQ traded down $0.22 on Tuesday, hitting $28.78. 6,053,693 shares of the company were exchanged, compared to its average volume of 7,179,394. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80. The firm has a 50 day moving average of $31.80 and a two-hundred day moving average of $34.13. The company has a market cap of $27.13 billion, a P/E ratio of 10.24, a P/E/G ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio (DPR) is presently 41.37%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. HSBC cut shares of HP from a "buy" rating to a "hold" rating and lowered their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. TD Cowen cut their target price on HP from $39.00 to $38.00 and set a "hold" rating for the company in a research report on Friday, February 28th. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley dropped their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $36.14.

Insider Activity

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company's stock, 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 the SEC website. 0.38% of the stock is currently owned by insiders.

HP 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.