HP Inc. (NYSE:HPQ) Stock Position Lowered by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its position in HP Inc. (NYSE:HPQ) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,651 shares of the computer maker’s stock after selling 1,080 shares during the period. Oregon Public Employees Retirement Fund’s holdings in HP were worth $2,697,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in HP by 8.2% in the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock valued at $1,871,046,000 after acquiring an additional 3,923,161 shares during the last quarter. Geode Capital Management LLC boosted its holdings in HP by 11.1% during the third quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker’s stock worth $885,877,000 after buying an additional 2,477,977 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of HP by 4.2% in the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker’s stock worth $482,164,000 after acquiring an additional 592,391 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of HP by 7.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,581,422 shares of the computer maker’s stock worth $307,816,000 after acquiring an additional 612,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of HP by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,743,122 shares of the computer maker’s stock worth $241,876,000 after acquiring an additional 678,985 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ stock opened at $33.15 on Friday. The stock’s 50 day simple moving average is $33.15 and its 200 day simple moving average is $34.86. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. On average, analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is currently 40.93%.

Insider Buying and Selling at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares in the company, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 262,737 shares of company stock valued at $9,316,641 in the last 90 days. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several research analyst reports. Citigroup lowered their price objective 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. TD Cowen upped their price target on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, HSBC lowered shares of HP from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.68.

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.