Wealth Advisors Northwest LLC Buys Shares of 16,181 HP Inc. (NYSE:HPQ)

Wealth Advisors Northwest LLC bought a new position in HP Inc. (NYSE:HPQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,181 shares of the computer maker’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Community Bank & Trust Waco Texas lifted its stake in shares of HP by 14.5% in the 4th quarter. Community Bank & Trust Waco Texas now owns 17,472 shares of the computer maker’s stock valued at $570,000 after purchasing an additional 2,218 shares during the last quarter. Sovran Advisors LLC bought a new position in HP during the fourth quarter valued at about $993,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP in the fourth quarter worth about $31,000. Essex Financial Services Inc. boosted its stake in shares of HP by 8.0% during the 4th quarter. Essex Financial Services Inc. now owns 12,958 shares of the computer maker’s stock worth $423,000 after acquiring an additional 961 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of HP by 27.7% during the 4th quarter. Summit Trail Advisors LLC now owns 9,703 shares of the computer maker’s stock valued at $322,000 after acquiring an additional 2,105 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex Cho sold 10,298 shares of HP stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the sale, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % 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 valued at $9,670,068 over the last ninety days. 0.41% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HPQ shares. Citigroup reduced their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Sanford C. Bernstein boosted their price objective on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Barclays boosted their target price on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One 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 target price of $36.23.

HP Price Performance

NYSE HPQ opened at $33.14 on Wednesday. The company’s fifty day moving average is $33.42 and its two-hundred day moving average is $34.90. The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.78 and a beta of 1.05. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share. As a group, sell-side analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.49%. HP’s payout ratio is 41.28%.

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.