1,188 Shares in HP Inc. (NYSE:HPQ) Bought by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of HP Inc. (NYSE:HPQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,188 shares of the computer maker’s stock, valued at approximately $37,000.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in shares of HP during the third quarter worth $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. bought a new position in HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in HP during the third quarter worth about $44,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPQ has been the topic of several recent analyst reports. Loop Capital reduced their target price on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. Morgan Stanley reduced their target price on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Citigroup reduced their target price on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company lifted their target price on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Price Performance

Shares of HP stock opened at $29.94 on Tuesday. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The stock’s 50-day moving average is $32.71 and its 200-day moving average is $34.61. HP Inc. has a one year low of $27.43 and a one year high of $39.80.

HP (NYSE:HPQ) last released its 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. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. On average, equities analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued 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 yield of 3.87%. HP’s payout ratio is presently 41.37%.

Insider Buying and Selling

In other HP news, insider Alex Cho sold 40,287 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the transaction, the insider now owns 64,676 shares of the company’s stock, valued at $2,250,724.80. The trade was a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 125,643 shares of company stock worth $4,319,565. Corporate insiders own 0.38% of the company’s stock.

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.