Investors Asset Management of Georgia Inc. GA ADV Increases Stock Holdings in HP Inc. (NYSE:HPQ)

Investors Asset Management of Georgia Inc. GA ADV boosted its position in HP Inc. (NYSE:HPQ) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,698 shares of the computer maker’s stock after purchasing an additional 1,200 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in HP were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock valued at $3,019,999,000 after purchasing an additional 12,883,347 shares during the last quarter. Geode Capital Management LLC raised its stake in HP by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 19,387,223 shares of the computer maker’s stock valued at $568,395,000 after purchasing an additional 421,075 shares during the last quarter. Morgan Stanley increased its stake in shares of HP by 22.5% in the 4th quarter. Morgan Stanley now owns 14,639,525 shares of the computer maker’s stock worth $393,364,000 after acquiring an additional 2,686,976 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of HP by 114,461.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker’s stock worth $310,043,000 after acquiring an additional 11,528,558 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of HP by 6.2% in the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after acquiring an additional 589,775 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HPQ. StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. HSBC raised HP from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays raised their target price on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Insider Activity

In other news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the transaction, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the sale, the director now owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is currently owned by company insiders.

HP Price Performance

Shares of NYSE:HPQ traded down $0.08 during midday trading on Thursday, reaching $27.61. 2,473,563 shares of the company’s stock were exchanged, compared to its average volume of 8,040,827. The firm’s 50 day simple moving average is $29.37 and its two-hundred day simple moving average is $28.78. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 2.32 and a beta of 1.05. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $0.2756 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Tuesday, March 12th. HP’s dividend payout ratio (DPR) is 32.16%.

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.