HP Inc. (NYSE:HPQ) Position Reduced by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. lowered its holdings in HP Inc. (NYSE:HPQ - Free Report) by 33.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,020 shares of the computer maker's stock after selling 23,370 shares during the period. Stamos Capital Partners L.P.'s holdings in HP were worth $1,502,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in HP during the 4th quarter worth approximately $229,320,000. KBC Group NV increased its position in shares of HP by 145.1% during the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock worth $116,031,000 after purchasing an additional 2,105,104 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in HP in the fourth quarter valued at approximately $65,260,000. Raymond James Financial Inc. acquired a new stake in HP during the 4th quarter worth $36,492,000. Finally, Amundi boosted its stake in shares of HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $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.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $4,814.81. This represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley cut their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Barclays raised their price objective on shares of HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Sanford C. Bernstein lifted their price target 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. Finally, StockNews.com cut HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $34.00.

HP Stock Up 1.3 %

Shares of NYSE HPQ traded up $0.30 during midday trading on Friday, hitting $23.77. The stock had a trading volume of 6,784,568 shares, compared to its average volume of 7,833,889. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The company has a fifty day moving average price of $28.75 and a 200 day moving average price of $32.82. The company has a market capitalization of $22.41 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. The business 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%. On average, research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.87%. HP's dividend payout ratio is presently 41.37%.

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.