Wealth Advisors Northwest LLC Acquires Shares of 16,181 HP Inc. (NYSE:HPQ)

Wealth Advisors Northwest LLC purchased a new position in HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,181 shares of the computer maker's stock, valued at approximately $528,000.

Other hedge funds have also recently modified their holdings of the company. Castleview Partners LLC raised its holdings in shares of HP by 8.1% in the third quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker's stock worth $138,000 after buying an additional 289 shares during the period. King Luther Capital Management Corp raised its holdings in shares of HP by 3.2% in the third quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker's stock worth $346,000 after buying an additional 303 shares during the period. Arvest Investments Inc. increased its holdings in HP by 0.9% during the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker's stock worth $1,232,000 after purchasing an additional 310 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in HP by 4.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 7,734 shares of the computer maker's stock worth $277,000 after purchasing an additional 316 shares during the period. Finally, Wedmont Private Capital increased its holdings 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 during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. HSBC downgraded 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 report on Friday, November 29th. Barclays raised their price objective on HP from $32.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price objective on HP from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, November 20th. Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Finally, TD Cowen increased their target price on HP from $32.00 to $39.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $36.23.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the completion of the sale, the chief executive officer now owns 89,272 shares of the company's stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex Cho sold 10,298 shares of HP stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the sale, the insider now directly owns 64,676 shares of the company's stock, valued at approximately $2,219,680.32. This represents a 13.74 % 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 valued at $9,670,068. 0.41% of the stock is owned by company insiders.

HP Stock Up 1.2 %

Shares of HP stock traded up $0.39 during trading on Friday, reaching $33.69. The company's stock had a trading volume of 4,182,723 shares, compared to its average volume of 5,950,505. The company has a market cap of $31.59 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 2.78 and a beta of 1.05. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The company has a 50-day simple moving average of $33.17 and a two-hundred day simple moving average of $34.83.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts' consensus estimates of $0.93. The firm 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 business's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. As a group, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.44%. HP's payout ratio is 41.28%.

About HP

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.