Forvis Mazars Wealth Advisors LLC Sells 915 Shares of HP Inc. (NYSE:HPQ)

Forvis Mazars Wealth Advisors LLC decreased its position in shares of HP Inc. (NYSE:HPQ) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 164,349 shares of the computer maker’s stock after selling 915 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in HP were worth $5,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in HP during the 3rd quarter worth approximately $25,000. Synergy Asset Management LLC bought a new stake in HP during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in HP during the 4th quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in HP during the 3rd quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HP during the 3rd quarter valued at approximately $44,000. Institutional investors own 77.53% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alex Cho sold 10,298 shares of HP stock in a transaction on Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock valued at $9,670,068 over the last three months. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of research analyst reports. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.00 in a report on Friday, November 29th. Citigroup cut their price objective on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a report on Wednesday, November 27th. TD Cowen increased their price objective on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price objective on shares of HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, HP presently has an average rating of “Hold” and a consensus price target of $36.68.

HP Stock Performance

HPQ stock opened at $34.63 on Friday. The firm has a fifty day moving average price of $33.10 and a 200 day moving average price of $34.84. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The firm has a market cap of $32.48 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. HP’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. On average, equities analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s payout ratio is 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.