Sigma Investment Counselors Inc. Has $1.70 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Sigma Investment Counselors Inc. lessened its holdings in HP Inc. (NYSE:HPQ) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,200 shares of the computer maker’s stock after selling 1,309 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in HP were worth $1,703,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of HP in the 3rd quarter valued at $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP during the 3rd quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HP during the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business’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 of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,219,680.32. The trade was a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,035 shares of company stock valued at $9,670,068. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of several recent research reports. Sanford C. Bernstein raised their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Barclays raised their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup cut their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Finally, HSBC downgraded HP from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $38.00 in a report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and an average target price of $36.68.

HP Trading Down 0.3 %

HPQ stock opened at $34.63 on Friday. The stock has a 50-day moving average price of $33.10 and a 200-day moving average price of $34.84. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The firm has a market cap of $32.48 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 40.93%.

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.