Strategic Financial Concepts LLC Makes New $639,000 Investment in HP Inc. (NYSE:HPQ)

Strategic Financial Concepts LLC purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,571 shares of the computer maker's stock, valued at approximately $639,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC bought a new stake in HP during the third quarter worth $25,000. Synergy Asset Management LLC bought a new stake in HP during the fourth quarter worth $26,000. Wolff Wiese Magana LLC raised its position in shares of HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker's stock valued at $35,000 after purchasing an additional 518 shares during the period. ORG Wealth Partners LLC bought a new position in shares of HP in the third quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of HP in the third quarter valued at about $40,000. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

HPQ has been the topic of several research analyst reports. HSBC lowered shares of HP from a "buy" rating to a "hold" rating and dropped their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Barclays increased their price objective on shares of HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. TD Cowen increased their price objective on shares of HP from $32.00 to $39.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $36.23.

Insiders Place Their Bets

In other news, insider Stephanie Liebman sold 11,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alex Cho sold 10,298 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,035 shares of company stock worth $9,670,068 over the last ninety days. Corporate insiders own 0.41% of the company's stock.

HP Trading Up 1.2 %

HP stock traded up $0.39 during trading hours on Friday, reaching $33.69. 4,182,723 shares of the stock were exchanged, compared to its average volume of 5,950,505. The company has a market cap of $31.59 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 2.78 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The stock has a 50 day moving average of $33.17 and a two-hundred day moving average of $34.83.

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

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.44%. HP's payout ratio is 41.28%.

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.