Range Financial Group LLC Has $1.01 Million Stake in HP Inc. (NYSE:HPQ)

Range Financial Group LLC raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 127.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,080 shares of the computer maker's stock after buying an additional 17,386 shares during the quarter. Range Financial Group LLC's holdings in HP were worth $1,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Chris Bulman Inc acquired a new position in HP in the 2nd quarter worth $88,000. Principal Financial Group Inc. boosted its position in shares of HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock worth $41,391,000 after buying an additional 160,268 shares during the period. Tidal Investments LLC grew its holdings in shares of HP by 47.5% during the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock worth $5,259,000 after buying an additional 47,230 shares in the last quarter. MML Investors Services LLC raised its position in HP by 35.0% in the 3rd quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker's stock valued at $2,243,000 after buying an additional 16,207 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in HP by 25.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,007,270 shares of the computer maker's stock valued at $37,712,000 after buying an additional 202,613 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Buying and Selling

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 directly owns 6,277 shares of the company's stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the business'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 transaction, the chief executive officer now directly owns 89,272 shares of the company's stock, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by company insiders.

HP Trading Down 0.7 %

Shares of NYSE:HPQ traded down $0.25 on Tuesday, hitting $33.62. The company had a trading volume of 5,343,216 shares, compared to its average volume of 5,803,253. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 2.95 and a beta of 1.05. The stock has a 50 day moving average price of $35.36 and a 200 day moving average price of $35.48. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79.

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

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were paid a $0.2894 dividend. The ex-dividend date was Wednesday, December 11th. This is an increase from HP's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. HP's dividend payout ratio is 40.93%.

Analyst Upgrades and Downgrades

HPQ has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Hsbc Global Res downgraded shares of HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. TD Cowen increased their price objective on shares of HP from $32.00 to $39.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday. Finally, HSBC lowered HP from a "buy" rating to a "hold" rating and lowered their price target for the stock from $39.00 to $38.00 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.23.

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.