9,578 Shares in HP Inc. (NYSE:HPQ) Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in shares of HP Inc. (NYSE:HPQ) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 9,578 shares of the computer maker’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its position in shares of HP by 8.7% in the 3rd quarter. Barclays PLC now owns 2,307,573 shares of the computer maker’s stock worth $82,772,000 after buying an additional 183,741 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of HP in the 4th quarter worth approximately $530,000. M.E. Allison & CO. Inc. bought a new stake in shares of HP in the 4th quarter worth approximately $216,000. Advisory Alpha LLC grew its position in shares of HP by 9.6% in the 4th quarter. Advisory Alpha LLC now owns 11,922 shares of the computer maker’s stock worth $389,000 after buying an additional 1,047 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of HP by 10.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 235,697 shares of the computer maker’s stock worth $7,691,000 after buying an additional 22,139 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Down 0.4%

Shares of NYSE:HPQ opened at $28.98 on Wednesday. The stock has a fifty day simple moving average of $26.17 and a two-hundred day simple moving average of $31.18. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 2.96 and a beta of 1.32. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. As a group, equities research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Wednesday, June 11th. HP’s dividend payout ratio is currently 41.37%.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 21,545 shares of HP 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 completion of the sale, the insider now owns 169 shares of the company’s stock, valued at $4,814.81. The trade was a 99.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was 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. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. JPMorgan Chase & Co. cut their price objective on HP from $40.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Evercore ISI cut their price objective on HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Barclays raised their target price on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.17.

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.