HP Inc. (NYSE:HPQ) Shares Bought by Shelton Capital Management

Shelton Capital Management increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 113.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 378,106 shares of the computer maker's stock after acquiring an additional 201,260 shares during the quarter. Shelton Capital Management's holdings in HP were worth $12,338,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Synergy Asset Management LLC purchased a new position in HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP during the 4th quarter valued at about $31,000. OFI Invest Asset Management purchased a new position in shares of HP during the 4th quarter worth about $37,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of HP in the fourth quarter worth approximately $50,000. Finally, Summit Securities Group LLC purchased a new stake in HP in the fourth quarter valued at approximately $55,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This represents a 99.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. Company insiders own 0.38% of the company's stock.

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Analyst Upgrades and Downgrades

HPQ has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. StockNews.com cut HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Barclays upped 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. TD Cowen reduced their price objective on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. Finally, Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $36.14.

HP Price Performance

HPQ traded up $0.55 during trading on Friday, hitting $23.42. The company had a trading volume of 10,168,027 shares, compared to its average volume of 7,807,575. The company has a market cap of $22.08 billion, a PE ratio of 8.34, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The business has a 50-day moving average of $29.45 and a 200-day moving average of $33.11.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Research analysts forecast 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 was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.2894 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.94%. HP's dividend payout ratio (DPR) is 41.37%.

HP Company 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.