Strategic Financial Concepts LLC Purchases Shares of 19,571 HP Inc. (NYSE:HPQ)

Strategic Financial Concepts LLC acquired a new position in HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,571 shares of the computer maker's stock, valued at approximately $639,000.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in HP in the 3rd quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP during the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HP during the 3rd quarter valued at about $44,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other HP news, insider Stephanie Liebman sold 11,000 shares of the company's stock in a transaction on Monday, December 30th. The stock was 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 $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,035 shares of company stock worth $9,670,068. Company insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on HP from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. TD Cowen boosted their target price on HP from $32.00 to $39.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Sanford C. Bernstein boosted their target price on HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Finally, HSBC lowered HP from a "buy" rating to a "hold" rating and reduced their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, HP presently has a consensus rating of "Hold" and a consensus price target of $36.68.

HP Stock Down 0.3 %

NYSE HPQ traded down $0.09 during trading on Friday, hitting $34.63. The company's stock had a trading volume of 7,213,953 shares, compared to its average volume of 5,152,363. The firm has a 50 day moving average price of $33.10 and a 200 day moving average price of $34.83. The firm has a market cap of $32.48 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79.

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

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's dividend payout ratio is presently 41.28%.

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.