First Command Advisory Services Inc. Purchases 632 Shares of HP Inc. (NYSE:HPQ)

First Command Advisory Services Inc. grew its position in HP Inc. (NYSE:HPQ) by 32.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,565 shares of the computer maker’s stock after buying an additional 632 shares during the period. First Command Advisory Services Inc.’s holdings in HP were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of HP during the 3rd quarter worth about $25,000. Synergy Asset Management LLC acquired a new stake in shares of HP during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of HP during the 3rd quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HP during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HPQ shares. Wells Fargo & Company raised their target price on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Citigroup dropped their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Barclays lifted their price objective on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, HSBC cut shares of HP from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, HP presently has an average rating of “Hold” and an average price target of $36.68.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alex Cho sold 40,287 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the sale, the insider now directly owns 64,676 shares in the company, valued at $2,250,724.80. The trade was a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 262,737 shares of company stock valued at $9,316,641. 0.41% of the stock is owned by insiders.

HP Trading Down 2.0 %

Shares of NYSE:HPQ opened at $33.15 on Friday. The firm has a 50 day moving average of $33.15 and a 200-day moving average of $34.86. The stock has a market capitalization of $31.08 billion, a PE ratio of 11.80, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79.

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

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 40.93%.

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.