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Oak Thistle LLC Purchases 21,805 Shares of HP Inc. (NYSE:HPQ)

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Oak Thistle LLC grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 169.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,682 shares of the computer maker's stock after purchasing an additional 21,805 shares during the quarter. Oak Thistle LLC's holdings in HP were worth $1,132,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of HP by 69.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,694 shares of the computer maker's stock worth $1,600,000 after purchasing an additional 18,699 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of HP by 23.0% in the second quarter. Federated Hermes Inc. now owns 453,375 shares of the computer maker's stock valued at $15,877,000 after buying an additional 84,754 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of HP during the 2nd quarter worth approximately $255,000. Envestnet Asset Management Inc. increased its holdings in shares of HP by 35.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,378,502 shares of the computer maker's stock worth $48,275,000 after acquiring an additional 362,294 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in HP by 2.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,296 shares of the computer maker's stock valued at $431,000 after purchasing an additional 345 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. TD Cowen upped 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. HSBC downgraded HP from a "buy" rating to a "hold" rating and dropped their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. Sanford C. Bernstein boosted their price objective on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Finally, Citigroup dropped their price target on shares of HP from $37.00 to $36.50 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $36.23.

Get Our Latest Stock Report on HP

Insider Activity

In related news, insider Alex Cho sold 10,298 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the transaction, the insider now directly owns 64,676 shares of the company's stock, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company'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 in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last quarter. 0.41% of the stock is owned by company insiders.

HP Trading Up 0.4 %

NYSE HPQ traded up $0.12 during trading on Wednesday, hitting $32.79. 7,227,047 shares of the company's stock were exchanged, compared to its average volume of 6,015,094. The company has a market cap of $30.75 billion, a PE ratio of 11.67, a P/E/G ratio of 2.95 and a beta of 1.05. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The stock's 50 day moving average price is $35.05 and its two-hundred day moving average price is $35.40.

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

HP Increases Dividend

The company also recently declared 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 is a boost from HP's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Wednesday, December 11th. HP's payout ratio is 40.93%.

About HP

(Free Report)

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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