HP Inc. (NYSE:HPQ) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 1,314.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 226,255 shares of the computer maker's stock after purchasing an additional 210,261 shares during the quarter. Stephens Inc. AR's holdings in HP were worth $7,383,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in HP by 8.2% during the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker's stock worth $1,871,046,000 after purchasing an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of HP by 11.1% in the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker's stock worth $885,877,000 after acquiring an additional 2,477,977 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of HP by 4.2% in the fourth 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of HP by 7.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,581,422 shares of the computer maker's stock worth $307,816,000 after acquiring an additional 612,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of HP by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,743,122 shares of the computer maker's stock worth $241,876,000 after acquiring an additional 678,985 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

HPQ stock traded up $0.26 during trading on Thursday, reaching $33.30. 5,393,338 shares of the stock traded hands, compared to its average volume of 5,896,946. The business's 50 day moving average price is $33.28 and its 200-day moving average price is $34.86. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The firm has a market capitalization of $31.23 billion, a PE ratio of 11.85, a P/E/G ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Wednesday, March 12th. HP's payout ratio is 41.28%.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex Cho sold 10,298 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last quarter. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HPQ. Barclays boosted their price target on HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. TD Cowen boosted their price target on HP from $32.00 to $39.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price objective on HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, November 20th. Citigroup lowered their price objective on HP from $37.00 to $36.50 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Finally, Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $36.23.

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.