Xponance Inc. Has $5.76 Million Stock Position in HP Inc. (NYSE:HPQ)

Xponance Inc. lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,539 shares of the computer maker's stock after purchasing an additional 10,667 shares during the period. Xponance Inc.'s holdings in HP were worth $5,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi raised its position in shares of HP by 15.9% during the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $217,319,000 after purchasing an additional 899,349 shares during the period. Principal Financial Group Inc. raised its position in HP by 16.1% during the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker's stock valued at $41,391,000 after buying an additional 160,268 shares during the period. Oak Thistle LLC raised its position in HP by 169.3% during the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker's stock valued at $1,132,000 after buying an additional 21,805 shares during the period. Tidal Investments LLC raised its position in HP by 47.5% during the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock valued at $5,259,000 after buying an additional 47,230 shares during the period. Finally, MML Investors Services LLC raised its position in HP by 35.0% during the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker's stock valued at $2,243,000 after buying an additional 16,207 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the sale, the insider now owns 6,277 shares in the company, valued at $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HPQ. StockNews.com raised HP from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. HSBC lowered HP from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Wells Fargo & Company upped their price target on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Barclays upped their price target on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein upped their price target on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $36.14.

HP Stock Performance

Shares of HPQ traded up $0.12 during trading hours on Friday, hitting $28.63. 23,907,554 shares of the company were exchanged, compared to its average volume of 7,185,643. The company has a market cap of $26.98 billion, a PE ratio of 10.19, a PEG ratio of 2.96 and a beta of 1.09. The firm's 50 day moving average is $31.88 and its 200-day moving average is $34.18. HP Inc. has a 52 week low of $27.43 and a 52 week high of $39.80.

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 the consensus estimate of $0.74. The company had revenue of $13.50 billion during the quarter, compared to the consensus estimate 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 forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.04%. HP's dividend payout ratio (DPR) is presently 41.37%.

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.