211,478 Shares in HP Inc. (NYSE:HPQ) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in HP Inc. (NYSE:HPQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 211,478 shares of the computer maker’s stock, valued at approximately $6,901,000.

Several other institutional investors also recently added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC bought a new position in HP during the 3rd quarter worth about $25,000. Synergy Asset Management LLC bought a new stake in shares of HP in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 2.7 %

NYSE:HPQ opened at $30.03 on Tuesday. The company has a market cap of $28.32 billion, a PE ratio of 10.69, a P/E/G ratio of 2.96 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The company’s 50 day moving average is $33.04 and its two-hundred day moving average is $34.80.

HP (NYSE:HPQ) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is presently 41.37%.

Insiders Place Their Bets

In other HP news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The shares were 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 directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 262,737 shares of company stock valued at $9,316,641. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HPQ shares. Citigroup reduced their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Barclays boosted their price target on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. TD Cowen cut their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday. Finally, HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $38.00 in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, HP has a consensus rating of “Hold” and a consensus price target of $36.59.

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.