HP Inc. (HPQ) Holdings Trimmed by Savant Capital LLC

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Savant Capital LLC decreased its holdings in HP Inc. (NYSE:HPQ) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,402 shares of the computer maker’s stock after selling 856 shares during the period. Savant Capital LLC’s holdings in HP were worth $438,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of HP by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,076,825 shares of the computer maker’s stock valued at $491,611,000 after purchasing an additional 1,120,811 shares during the last quarter. LSV Asset Management increased its position in shares of HP by 6.9% during the 3rd quarter. LSV Asset Management now owns 14,953,881 shares of the computer maker’s stock valued at $385,361,000 after purchasing an additional 966,494 shares during the last quarter. Morgan Stanley increased its position in shares of HP by 136.0% during the 3rd quarter. Morgan Stanley now owns 12,812,429 shares of the computer maker’s stock valued at $330,176,000 after purchasing an additional 7,384,389 shares during the last quarter. AQR Capital Management LLC increased its position in shares of HP by 31.1% during the 3rd quarter. AQR Capital Management LLC now owns 10,995,938 shares of the computer maker’s stock valued at $283,365,000 after purchasing an additional 2,609,734 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of HP by 2.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 5,722,567 shares of the computer maker’s stock valued at $147,471,000 after purchasing an additional 131,046 shares during the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

In related news, insider Dion J. Weisler sold 116,134 shares of the stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $22.99, for a total transaction of $2,669,920.66. Following the sale, the insider now owns 1,248,276 shares in the company, valued at approximately $28,697,865.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kim M. Rivera sold 46,072 shares of the stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $24.14, for a total value of $1,112,178.08. Following the sale, the insider now owns 15,241 shares in the company, valued at approximately $367,917.74. The disclosure for this sale can be found here. Insiders have sold a total of 194,859 shares of company stock worth $4,515,614 in the last 90 days. 0.25% of the stock is currently owned by insiders.

HPQ has been the subject of several research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $26.00 price target on shares of HP in a research report on Wednesday, January 2nd. Standpoint Research started coverage on shares of HP in a research report on Wednesday, December 26th. They set a “buy” rating and a $19.38 price target for the company. JPMorgan Chase & Co. set a $26.00 price objective on HP and gave the company a “neutral” rating in a research note on Friday, November 30th. Wolfe Research started coverage on HP in a research note on Tuesday, December 11th. They set an “outperform” rating for the company. Finally, ValuEngine downgraded HP from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $27.31.

Shares of HPQ opened at $22.86 on Tuesday. The company has a market cap of $35.86 billion, a PE ratio of 11.32, a PEG ratio of 2.22 and a beta of 1.43. HP Inc. has a 1 year low of $19.22 and a 1 year high of $27.08.

HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, November 29th. The computer maker reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. HP had a negative return on equity of 188.62% and a net margin of 9.11%. The business had revenue of $15.37 billion for the quarter, compared to analysts’ expectations of $15.13 billion. During the same period in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities research analysts predict that HP Inc. will post 2.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be issued a dividend of $0.1602 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.64 annualized dividend and a yield of 2.80%. HP’s payout ratio is presently 31.68%.

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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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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