Xponance Inc. Trims Stock Position in HP Inc. (NYSE:HPQ)

Xponance Inc. decreased its position in HP Inc. (NYSE:HPQ) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,910 shares of the computer maker’s stock after selling 3,115 shares during the period. Xponance Inc.’s holdings in HP were worth $6,376,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in shares of HP by 1.4% during the 4th quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock worth $778,000 after purchasing an additional 362 shares during the period. Horizon Investments LLC increased its holdings in HP by 3.3% in the 2nd quarter. Horizon Investments LLC now owns 12,002 shares of the computer maker’s stock valued at $369,000 after purchasing an additional 379 shares during the last quarter. Salem Investment Counselors Inc. raised its position in HP by 47.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after purchasing an additional 380 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of HP by 18.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock worth $73,000 after buying an additional 382 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after buying an additional 397 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Up 0.7 %

Shares of NYSE HPQ opened at $27.82 on Friday. The business has a 50-day moving average price of $29.34 and a 200 day moving average price of $28.78. The stock has a market cap of $27.28 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. HP Inc. has a 52-week low of $25.22 and a 52-week high of $33.90.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The company had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period in the previous year, the business posted $0.75 earnings per share. HP’s quarterly revenue was down 4.4% on a year-over-year basis. Sell-side analysts anticipate that HP Inc. will post 3.42 earnings per share for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Tuesday, March 12th. HP’s payout ratio is currently 32.16%.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock worth $3,479,287 over the last 90 days. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HSBC raised HP from a “hold” rating to a “buy” rating and increased their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Barclays boosted their target price on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. Finally, StockNews.com cut HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.11.

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.