HP Inc. (NYSE:HPQ) Stock Holdings Decreased by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC trimmed its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,921 shares of the computer maker's stock after selling 82,083 shares during the period. HP accounts for about 1.3% of Philip James Wealth Mangement LLC's investment portfolio, making the stock its 14th biggest holding. Philip James Wealth Mangement LLC's holdings in HP were worth $10,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of HP in the 3rd quarter valued at $25,000. Synergy Asset Management LLC bought a new position in shares of HP during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP in the 4th quarter valued at approximately $31,000. Itau Unibanco Holding S.A. bought a new stake in HP during the 3rd quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HP during the 3rd quarter worth approximately $44,000. 77.53% of the stock is owned by institutional investors.

Insider Buying and Selling at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now directly owns 64,676 shares in the company, valued at $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 in the last three months. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HPQ shares. Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. HSBC downgraded HP from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. 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. Finally, Barclays increased their price target on shares of HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. One equities research 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, the stock presently has a consensus rating of "Hold" and an average price target of $36.68.

HP Price Performance

HPQ stock traded up $0.05 during trading on Thursday, reaching $34.73. The company had a trading volume of 5,006,914 shares, compared to its average volume of 5,793,254. The company has a market cap of $32.57 billion, a P/E ratio of 12.36, a PEG ratio of 2.92 and a beta of 1.05. The business has a 50 day moving average of $33.10 and a 200 day moving average of $34.81. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. Research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.33%. HP's payout ratio is 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.