Desjardins Global Asset Management Inc. Has $52,000 Holdings in HP Inc. (NYSE:HPQ)

Desjardins Global Asset Management Inc. lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 29.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,729 shares of the computer maker’s stock after selling 710 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in HP were worth $52,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after buying an additional 12,883,347 shares during the period. Geode Capital Management LLC raised its stake in HP by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 19,387,223 shares of the computer maker’s stock worth $568,395,000 after buying an additional 421,075 shares during the period. Morgan Stanley raised its stake in shares of HP by 22.5% in the 4th quarter. Morgan Stanley now owns 14,639,525 shares of the computer maker’s stock valued at $393,364,000 after purchasing an additional 2,686,976 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of HP by 114,461.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker’s stock valued at $310,043,000 after purchasing an additional 11,528,558 shares during the period. Finally, Northern Trust Corp raised its stake in shares of HP by 6.2% in the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock valued at $260,381,000 after purchasing an additional 589,775 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the transaction, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert R. Bennett sold 67,000 shares of HP stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the transaction, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction dated Friday, March 8th. The stock was 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 90 days, insiders sold 116,723 shares of company stock worth $3,479,287. Company insiders own 0.41% of the company’s stock.

HP Price Performance

Shares of NYSE HPQ opened at $27.82 on Friday. The stock has a market capitalization of $27.28 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.31 and a beta of 1.05. The business has a 50-day moving average of $29.34 and a 200-day moving average of $28.78. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The company had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. HP’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. On average, sell-side analysts expect that HP Inc. will post 3.42 EPS for the current year.

HP Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on HPQ. HSBC raised HP from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. Barclays lifted their price target on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Finally, StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.11.

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.