Guggenheim Capital LLC Has $3.19 Million Position in HP Inc. (NYSE:HPQ)

Guggenheim Capital LLC trimmed its holdings in HP Inc. (NYSE:HPQ) by 30.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,857 shares of the computer maker’s stock after selling 43,218 shares during the quarter. Guggenheim Capital LLC’s holdings in HP were worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of HP by 8.7% during 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 in the last quarter. Te Ahumairangi Investment Management Ltd lifted its position in shares of HP by 3.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 161,418 shares of the computer maker’s stock valued at $5,757,000 after acquiring an additional 5,360 shares during the period. Pine Valley Investments Ltd Liability Co bought a new position in HP during the third quarter worth $237,000. World Investment Advisors LLC acquired a new stake in HP in the third quarter worth $324,000. Finally, Arvest Bank Trust Division bought a new stake in HP in the third quarter valued at $11,745,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were 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 in the company, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

HPQ has been the topic of a number of research analyst reports. TD Cowen cut their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Citigroup cut their price target on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. StockNews.com downgraded HP from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their target price on HP from $40.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Loop Capital reduced their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.00.

HP Price Performance

Shares of HPQ stock opened at $23.77 on Friday. The firm has a 50-day moving average of $28.56 and a 200-day moving average of $32.74. HP Inc. has a one year low of $21.21 and a one year high of $39.80. The company has a market cap of $22.41 billion, a P/E ratio of 8.46, a P/E/G ratio of 2.96 and a beta of 1.09.

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

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Wednesday, March 12th. HP’s dividend payout ratio (DPR) is currently 41.37%.

About HP

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.