HP Inc. (NYSE:HPQ) Shares Bought by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC lifted its stake in HP Inc. (NYSE:HPQ) by 116.7% in the fourth quarter, HoldingsChannel reports. The fund owned 1,051 shares of the computer maker’s stock after purchasing an additional 566 shares during the quarter. Janiczek Wealth Management LLC’s holdings in HP were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. lifted its stake in shares of HP by 1.4% in the 4th quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock worth $778,000 after acquiring an additional 362 shares during the period. Horizon Investments LLC raised its holdings in shares of HP by 3.3% in the 2nd quarter. Horizon Investments LLC now owns 12,002 shares of the computer maker’s stock worth $369,000 after purchasing an additional 379 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of HP by 47.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after purchasing an additional 380 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of HP by 18.8% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock worth $73,000 after purchasing an additional 382 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after purchasing an additional 397 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Performance

HP stock opened at $28.53 on Friday. The firm has a market cap of $27.98 billion, a PE ratio of 8.34, a P/E/G ratio of 2.39 and a beta of 1.05. The firm’s 50 day moving average price is $29.39 and its two-hundred day moving average price is $28.73. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90.

HP (NYSE:HPQ) last released 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 firm had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Equities analysts anticipate that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $0.2756 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 3.86%. HP’s dividend payout ratio is presently 32.16%.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research reports. Barclays boosted their target price on shares of HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, February 29th. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now directly owns 60,216 shares of the company’s stock, valued at approximately $1,807,082.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is currently owned by company insiders.

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.