Vanguard Group Inc. Sells 3,791,079 Shares of HP Inc. (NYSE:HPQ)

Vanguard Group Inc. decreased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,231,398 shares of the computer maker's stock after selling 3,791,079 shares during the quarter. Vanguard Group Inc. owned 13.46% of HP worth $4,118,931,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HPQ. Synergy Asset Management LLC bought a new stake in shares of HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP in the 4th quarter valued at $31,000. OFI Invest Asset Management bought a new position in shares of HP in the 4th quarter valued at $37,000. Itau Unibanco Holding S.A. acquired a new position in shares of HP during the 3rd quarter worth $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the 3rd quarter worth $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HPQ shares. Hsbc Global Res cut shares of HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Wells Fargo & Company raised their target price on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. 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. Morgan Stanley cut their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Finally, HSBC cut HP from a "buy" rating to a "hold" rating and lowered their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $36.14.

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HP Stock Down 0.7 %

NYSE:HPQ traded down $0.20 during trading hours on Thursday, reaching $28.51. The company had a trading volume of 1,203,416 shares, compared to its average volume of 7,074,101. The business's 50-day simple moving average is $31.64 and its two-hundred day simple moving average is $34.06. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The firm has a market cap of $26.88 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts' consensus estimates 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%. As a group, equities analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, March 12th. HP's payout ratio is currently 41.37%.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.

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.