44,258 Shares in HP Inc. (NYSE:HPQ) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in HP Inc. (NYSE:HPQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 44,258 shares of the computer maker’s stock, valued at approximately $1,471,000.

Other large investors also recently bought and sold shares of the company. Certified Advisory Corp acquired a new position in HP in the 1st quarter worth about $26,000. Rosenberg Matthew Hamilton raised its holdings in shares of HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 397 shares during the last quarter. VitalStone Financial LLC acquired a new position in shares of HP during the first quarter valued at approximately $38,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of HP during the fourth quarter valued at approximately $34,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of HP by 47.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity

In other news, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total value of $269,338.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at $1,642,381.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,723 shares of company stock worth $3,479,287. Corporate insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of HP stock opened at $27.81 on Monday. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The stock has a 50 day moving average of $29.34 and a 200 day moving average of $28.82. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.33 and a beta of 1.05.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The business had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts forecast that HP Inc. will post 3.42 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $0.2756 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Tuesday, March 12th. HP’s payout ratio is currently 32.16%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HPQ. StockNews.com cut HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC raised HP from a “hold” rating to a “buy” rating and increased their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, Barclays increased their price target on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, HP currently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

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.