Capital Planning LLC Sells 2,607 Shares of HP Inc. (NYSE:HPQ)

Capital Planning LLC decreased its position in shares of HP Inc. (NYSE:HPQ) by 19.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,103 shares of the computer maker’s stock after selling 2,607 shares during the quarter. Capital Planning LLC’s holdings in HP were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LVW Advisors LLC boosted its stake in HP by 1.2% in the 3rd quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker’s stock worth $857,000 after purchasing an additional 278 shares during the period. Castleview Partners LLC raised its holdings in shares of HP by 8.1% in the 3rd quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker’s stock valued at $138,000 after acquiring an additional 289 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of HP by 5.9% in the 3rd quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker’s stock valued at $191,000 after acquiring an additional 297 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of HP by 3.2% in the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock valued at $346,000 after acquiring an additional 303 shares in the last quarter. Finally, Arvest Investments Inc. raised its holdings in shares of HP by 0.9% in the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock valued at $1,232,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 273,035 shares of company stock worth $9,670,068 over the last ninety days. 0.41% of the stock is owned by corporate insiders.

HP Price Performance

Shares of HP stock opened at $32.39 on Friday. The stock has a market capitalization of $30.37 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The business’s 50 day simple moving average is $34.97 and its two-hundred day simple moving average is $35.38.

HP (NYSE:HPQ) last issued 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. Sell-side analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. HP’s payout ratio is currently 41.28%.

Analysts Set New Price Targets

Several research firms have weighed in on HPQ. Sanford C. Bernstein raised their price target on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. HSBC cut HP from a “buy” rating to a “hold” rating and decreased their price objective for the company 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 company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, TD Cowen raised their price objective on HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. 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 data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.23.

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.