Landscape Capital Management L.L.C. Takes Position in HP Inc. (NYSE:HPQ)

Landscape Capital Management L.L.C. acquired a new position in shares of HP Inc. (NYSE:HPQ) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 58,004 shares of the computer maker’s stock, valued at approximately $1,893,000.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its stake in HP by 8.2% during the third quarter. State Street Corp now owns 51,801,428 shares of the computer maker’s stock worth $1,871,046,000 after purchasing an additional 3,923,161 shares in the last quarter. Geode Capital Management LLC lifted its holdings in HP by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker’s stock worth $825,398,000 after buying an additional 579,525 shares in the last quarter. Pacer Advisors Inc. boosted its position in HP by 4.2% in the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker’s stock valued at $482,164,000 after buying an additional 592,391 shares during the period. Norges Bank acquired a new position in shares of HP in the fourth quarter worth $229,320,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of HP by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker’s stock worth $222,985,000 after acquiring an additional 90,606 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE HPQ opened at $22.58 on Friday. The company has a market capitalization of $21.29 billion, a P/E ratio of 8.04, a PEG ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $21.96 and a 1-year high of $39.80. The business has a 50 day moving average price of $30.78 and a 200 day moving average price of $33.72.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) 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 company had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.2894 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 5.13%. HP’s dividend payout ratio is currently 41.37%.

Insider Buying and Selling

In related news, insider Anneliese Olson sold 21,545 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the transaction, the insider now directly owns 169 shares of the company’s stock, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on HPQ shares. Wells Fargo & Company upped their target price on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Sanford C. Bernstein upped their price target on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Barclays lifted their target price on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. TD Cowen lowered their target price on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Finally, StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a report on Thursday, March 27th. One 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, the company currently has a consensus rating of “Hold” and a consensus price target of $36.14.

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.