HP Inc. (NYSE:HPQ) Stock Position Lowered by Swiss National Bank

Swiss National Bank trimmed its position in HP Inc. (NYSE:HPQ - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,722,500 shares of the computer maker's stock after selling 182,000 shares during the quarter. Swiss National Bank owned approximately 0.29% of HP worth $88,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Essential Planning LLC. bought a new stake in HP during the fourth quarter valued at $430,000. Sequoia Financial Advisors LLC grew its position in shares of HP by 7.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 25,128 shares of the computer maker's stock valued at $820,000 after buying an additional 1,715 shares during the last quarter. HighTower Advisors LLC lifted its holdings in HP by 1.0% in the fourth quarter. HighTower Advisors LLC now owns 191,082 shares of the computer maker's stock worth $6,235,000 after acquiring an additional 1,835 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in HP by 423.6% in the fourth quarter. Wealthfront Advisers LLC now owns 230,391 shares of the computer maker's stock worth $7,518,000 after acquiring an additional 186,386 shares during the last quarter. Finally, Global View Capital Management LLC bought a new position in shares of HP during the fourth quarter valued at approximately $229,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. HSBC downgraded shares of HP from a "buy" rating to a "hold" rating and reduced their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. StockNews.com raised shares of HP from a "hold" rating to a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of HP from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price target on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $36.14.

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Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 11,000 shares of HP 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 transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is owned by corporate insiders.

HP Stock Up 0.2 %

HPQ traded up $0.06 during trading on Wednesday, reaching $28.76. The stock had a trading volume of 7,905,595 shares, compared to its average volume of 7,108,594. The stock has a 50 day moving average of $32.16 and a two-hundred day moving average of $34.32. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate 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 fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 4.03%. HP's dividend payout ratio (DPR) is 41.37%.

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.