Sei Investments Co. Decreases Stake in HP Inc. (NYSE:HPQ)

Sei Investments Co. cut its holdings in HP Inc. (NYSE:HPQ - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,540,443 shares of the computer maker's stock after selling 33,377 shares during the quarter. Sei Investments Co. owned 0.16% of HP worth $50,265,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new position in shares of HP during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in HP during the 4th quarter valued at about $31,000. OFI Invest Asset Management purchased a new stake in shares of HP during the 4th quarter valued at about $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP in the third quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HP during the third quarter valued at approximately $44,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HPQ has been the topic of several research reports. Loop Capital dropped their target price on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company raised their price target on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Sanford C. Bernstein upped their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. HSBC cut 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 research report on Friday, November 29th. Finally, Barclays upped their price target on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $36.14.

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Insider Buying and Selling

In other news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

HP Trading Down 0.1 %

NYSE HPQ traded down $0.04 on Thursday, reaching $28.68. 6,106,365 shares of the stock were exchanged, compared to its average volume of 7,168,910. The firm has a market capitalization of $27.03 billion, a PE ratio of 10.20, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a one year low of $27.43 and a one year high of $39.80. The company's 50-day simple moving average is $31.64 and its two-hundred day simple moving average is $34.06.

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

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 4.04%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio (DPR) is presently 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.