Russell Investments Group Ltd. Has $23.74 Million Stock Position in HP Inc. (NYSE:HPQ)

Russell Investments Group Ltd. cut its stake in HP Inc. (NYSE:HPQ - Free Report) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 727,508 shares of the computer maker's stock after selling 243,604 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of HP worth $23,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of HP by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after acquiring an additional 579,525 shares during the last quarter. Pacer Advisors Inc. grew its holdings in HP by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock worth $482,164,000 after acquiring an additional 592,391 shares in the last quarter. Norges Bank bought a new stake in HP in the fourth quarter valued at about $229,320,000. Charles Schwab Investment Management Inc. lifted its stake in HP by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker's stock worth $222,985,000 after purchasing an additional 90,606 shares during the last quarter. Finally, Amundi boosted its holdings in shares of HP by 15.9% in the 4th quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after buying an additional 899,349 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

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Insider Transactions at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now owns 169 shares in the company, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several analyst reports. StockNews.com lowered HP from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. Barclays increased their price target on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their price objective on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Finally, Sanford C. Bernstein increased their target price on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $36.14.

HP Price Performance

Shares of HPQ stock traded up $0.76 on Monday, hitting $24.20. The company's stock had a trading volume of 2,715,627 shares, compared to its average volume of 8,168,246. The stock has a market capitalization of $22.81 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The firm's fifty day moving average price is $29.45 and its 200-day moving average price is $33.11.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.78%. HP's dividend payout ratio is 41.37%.

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.