State of Tennessee Department of Treasury Acquires 131,728 Shares of HP Inc. (NYSE:HPQ)

State of Tennessee Department of Treasury boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,109 shares of the computer maker's stock after buying an additional 131,728 shares during the period. State of Tennessee Department of Treasury's holdings in HP were worth $8,879,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HPQ. Norges Bank bought a new stake in shares of HP during the 4th quarter valued at about $229,320,000. KBC Group NV grew its position in shares of HP by 145.1% during the 4th quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock worth $116,031,000 after buying an additional 2,105,104 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of HP during the 4th quarter valued at $65,260,000. Bridgewater Associates LP boosted its stake in HP by 115.2% during the fourth quarter. Bridgewater Associates LP now owns 2,837,252 shares of the computer maker's stock worth $92,580,000 after acquiring an additional 1,518,653 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in HP in the fourth quarter valued at $36,492,000. Institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays boosted their target price on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Citigroup cut their target price on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Sanford C. Bernstein boosted their price target on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Loop Capital dropped their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. Finally, StockNews.com cut shares of HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. One 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, HP has an average rating of "Hold" and an average price target of $34.00.

HP Stock Down 0.2 %

NYSE HPQ traded down $0.05 during trading hours on Friday, reaching $25.28. 5,023,205 shares of the company were exchanged, compared to its average volume of 7,851,164. The stock has a market capitalization of $23.83 billion, a P/E ratio of 9.00, 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's 50 day simple moving average is $27.67 and its 200-day simple moving average is $32.33.

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

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 yield of 4.58%. HP's dividend payout ratio (DPR) is 41.37%.

Insider Buying and Selling at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 15,646 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was 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. Insiders own 0.38% of the company's stock.

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.