HP Inc. (NYSE:HPQ) Position Boosted by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in HP Inc. (NYSE:HPQ) by 43.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,672 shares of the computer maker’s stock after purchasing an additional 31,634 shares during the period. Jones Financial Companies Lllp’s holdings in HP were worth $3,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. King Luther Capital Management Corp grew its position in shares of HP by 3.2% in the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock worth $346,000 after acquiring an additional 303 shares in the last quarter. Arvest Investments Inc. lifted its stake in HP by 0.9% during the third quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock worth $1,232,000 after purchasing an additional 310 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in HP by 4.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 7,734 shares of the computer maker’s stock valued at $277,000 after purchasing an additional 316 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of HP by 2.6% during the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock worth $420,000 after purchasing an additional 316 shares during the period. Finally, Pinnacle Financial Partners Inc raised its holdings in shares of HP by 2.7% during the fourth quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker’s stock worth $400,000 after purchasing an additional 319 shares during the period. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. JPMorgan Chase & Co. lowered their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company raised their price target on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Loop Capital reduced their price objective on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.14.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at $3,253,964.40. This represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 262,737 shares of company stock valued at $9,316,641. 0.41% of the stock is owned by corporate insiders.

HP Stock Performance

NYSE:HPQ opened at $29.60 on Thursday. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79. The business has a fifty day moving average of $32.88 and a 200-day moving average of $34.72.

HP (NYSE:HPQ) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. On average, equities research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.91%. 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.