Vontobel Holding Ltd. Sells 33,886 Shares of HP Inc. (NYSE:HPQ)

Vontobel Holding Ltd. decreased its position in HP Inc. (NYSE:HPQ - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,398 shares of the computer maker's stock after selling 33,886 shares during the quarter. Vontobel Holding Ltd.'s holdings in HP were worth $4,059,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. raised its stake in shares of HP by 16.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 454,145 shares of the computer maker's stock worth $15,114,000 after buying an additional 62,921 shares during the period. Avestar Capital LLC raised its stake in shares of HP by 29.5% in the fourth quarter. Avestar Capital LLC now owns 16,047 shares of the computer maker's stock worth $528,000 after buying an additional 3,652 shares during the period. Consolidated Planning Corp raised its stake in shares of HP by 1.9% in the fourth quarter. Consolidated Planning Corp now owns 139,502 shares of the computer maker's stock worth $4,552,000 after buying an additional 2,613 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of HP in the fourth quarter worth about $65,260,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of HP by 293.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 191,135 shares of the computer maker's stock worth $6,206,000 after buying an additional 142,501 shares during the period. Institutional investors own 77.53% of the company's stock.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred 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 completion of the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen M. Ludgate sold 74,356 shares of HP stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the transaction, the insider now owns 56,169 shares of the company's stock, valued at approximately $1,933,898.67. This trade represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is currently owned by company insiders.

HP Stock Up 0.1 %

NYSE HPQ traded up $0.05 during trading on Thursday, hitting $34.73. 5,006,886 shares of the stock traded hands, compared to its average volume of 5,793,241. The company has a market capitalization of $32.57 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.05. The firm has a 50-day simple moving average of $33.10 and a 200-day simple moving average of $34.81. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. As a group, research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal 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 3.33%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio (DPR) is 41.28%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HSBC downgraded HP from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Wells Fargo & Company lifted their target price on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday. Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. TD Cowen lifted their target price on HP from $32.00 to $39.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. decreased their target price on HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, HP currently has a consensus rating of "Hold" and a consensus price target of $36.68.

HP 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.