JTC Employer Solutions Trustee Ltd Reduces Stock Position in HP Inc. (NYSE:HPQ)

JTC Employer Solutions Trustee Ltd lowered its stake in shares of HP Inc. (NYSE:HPQ) by 28.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,239 shares of the computer maker’s stock after selling 500 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in HP were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of HP during the third quarter worth $25,000. Wolff Wiese Magana LLC lifted its position in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of HP during the third quarter worth $37,000. Itau Unibanco Holding S.A. purchased a new stake in shares of HP during the third quarter worth $40,000. Finally, DecisionPoint Financial LLC purchased a new stake in shares of HP during the second quarter worth $43,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.8 %

Shares of NYSE:HPQ traded down $0.59 on Monday, reaching $32.61. 2,352,957 shares of the company traded hands, compared to its average volume of 5,216,106. The business’s 50-day simple moving average is $35.20 and its 200 day simple moving average is $35.43. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The stock has a market capitalization of $30.58 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. This is a boost from HP’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Wednesday, December 11th. HP’s dividend payout ratio (DPR) is 40.93%.

Analyst Upgrades and Downgrades

HPQ has been the topic of a number of recent analyst reports. Citigroup lowered their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Sanford C. Bernstein increased their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. TD Cowen increased their price objective on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Barclays increased their price objective on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Bank of America downgraded HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, HP has a consensus rating of “Hold” and a consensus target price of $36.23.

Insider Activity

In related news, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This trade represents a 60.56 % 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 firm’s stock in a transaction dated 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 sale, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by insiders.

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.