Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stock Position in HP Inc. (NYSE:HPQ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of HP Inc. (NYSE:HPQ) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,614 shares of the computer maker’s stock after purchasing an additional 851 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in HP were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HPQ. Ashton Thomas Securities LLC acquired a new position in shares of HP during the third quarter worth about $25,000. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of HP during the fourth quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in HP in the third quarter valued at approximately $44,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays upped their price target on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. decreased 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. HSBC lowered HP from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Wells Fargo & Company raised their price target on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley decreased their price target on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $36.14.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie Liebman sold 11,000 shares of HP 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 transaction, 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. Insiders have sold a total of 262,737 shares of company stock valued at $9,316,641 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

HP Stock Performance

HP stock opened at $30.56 on Friday. 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 $28.80 billion, a P/E ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09. The stock has a 50-day simple moving average of $32.76 and a 200 day simple moving average of $34.65.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 41.37%.

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.