HP Inc. (NYSE:HPQ) Position Lessened by Venturi Wealth Management LLC

Venturi Wealth Management LLC lessened its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,781 shares of the computer maker's stock after selling 8,564 shares during the period. Venturi Wealth Management LLC's holdings in HP were worth $645,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HPQ. Creative Planning boosted its position in shares of HP by 5.3% during the third quarter. Creative Planning now owns 225,129 shares of the computer maker's stock valued at $8,075,000 after buying an additional 11,240 shares during the period. Blue Trust Inc. boosted its holdings in shares of HP by 80.5% in the third quarter. Blue Trust Inc. now owns 10,580 shares of the computer maker's stock valued at $371,000 after purchasing an additional 4,718 shares during the period. Raymond James & Associates boosted its holdings in shares of HP by 28.2% in the third quarter. Raymond James & Associates now owns 1,106,732 shares of the computer maker's stock valued at $39,698,000 after purchasing an additional 243,230 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of HP by 26.3% in the third quarter. Foundations Investment Advisors LLC now owns 9,038 shares of the computer maker's stock valued at $324,000 after purchasing an additional 1,884 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of HP by 3.7% in the third quarter. Sequoia Financial Advisors LLC now owns 23,413 shares of the computer maker's stock valued at $840,000 after purchasing an additional 832 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 40,287 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at $2,250,724.80. This represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now owns 89,272 shares of the company's stock, valued at $3,253,964.40. This represents a 60.56 % 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 valued at $9,670,068 over the last quarter. Company insiders own 0.41% of the company's stock.

HP Stock Performance

Shares of NYSE:HPQ traded down $0.09 during trading on Friday, reaching $34.63. The stock had a trading volume of 7,213,953 shares, compared to its average volume of 5,152,363. The business has a fifty day moving average price of $33.10 and a 200-day moving average price of $34.83. The stock has a market cap of $32.48 billion, a PE ratio of 12.32, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, meeting analysts' consensus estimates 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 quarter in the previous year, the business earned $0.90 earnings per share. Sell-side analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently issued reports on HPQ shares. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. HSBC downgraded shares of HP from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Wells Fargo & Company boosted their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday. Sanford C. Bernstein boosted their price objective on shares of HP from $32.00 to $34.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Finally, Barclays boosted their price objective on shares of HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. One 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.68.

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.