HP Inc. (NYSE:HPQ) is Maj Invest Holding A S’s 8th Largest Position

Maj Invest Holding A S cut its position in HP Inc. (NYSE:HPQ) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,058,019 shares of the computer maker’s stock after selling 175,688 shares during the quarter. HP comprises 5.4% of Maj Invest Holding A S’s investment portfolio, making the stock its 8th biggest position. Maj Invest Holding A S’s holdings in HP were worth $165,043,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HPQ. Ashton Thomas Securities LLC bought a new stake in HP during the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its stake in HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after acquiring an additional 518 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in HP during the third quarter valued at about $37,000. Itau Unibanco Holding S.A. bought a new stake in HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HP in the 3rd quarter worth about $44,000. 77.53% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Stephanie Liebman sold 11,000 shares of the firm’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 transaction 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 trade represents a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 in the last quarter. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HPQ shares. Barclays boosted their target price on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. TD Cowen upped their price objective on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Citigroup decreased their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reduced their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.23.

HP Stock Down 2.0 %

Shares of HP stock opened at $32.73 on Monday. The business has a 50 day moving average of $34.38 and a 200 day moving average of $35.27. HP Inc. has a 52 week low of $27.42 and a 52 week high of $39.79. The company has a market cap of $30.69 billion, a PE ratio of 11.65, a P/E/G ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the company posted $0.90 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a $0.2894 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.54%. This is a positive change from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio is currently 41.28%.

About HP

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.