HP Inc. (NYSE:HPQ) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd trimmed its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,489 shares of the computer maker's stock after selling 15,929 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in HP were worth $4,747,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HPQ. TIAA Trust National Association lifted its holdings in HP by 1.8% during the 4th quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock worth $548,000 after buying an additional 302 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in HP by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after purchasing an additional 306 shares during the period. Auxano Advisors LLC boosted its holdings in HP by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock valued at $282,000 after purchasing an additional 310 shares during the period. Wedmont Private Capital grew its stake in HP by 2.6% during the 4th quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock worth $420,000 after purchasing an additional 316 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in HP by 2.7% in the 4th quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock valued at $400,000 after purchasing an additional 319 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

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HP Stock Performance

Shares of HPQ stock traded down $1.20 during mid-day trading on Friday, hitting $22.58. 22,862,599 shares of the stock were exchanged, compared to its average volume of 7,591,231. The stock's fifty day simple moving average is $30.98 and its two-hundred day simple moving average is $33.79. HP Inc. has a 12-month low of $21.97 and a 12-month high of $39.80. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $13.35 billion. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 5.13%. HP's dividend payout ratio (DPR) is 41.37%.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now owns 169 shares in the company, valued at approximately $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HPQ shares. Barclays boosted their price objective on HP from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. TD Cowen lowered their price target on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Wells Fargo & Company raised their price objective on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Loop Capital lowered their target price on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, March 4th. Finally, StockNews.com raised HP from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.14.

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.