HP Inc. (NYSE:HPQ) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in HP Inc. (NYSE:HPQ) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,333,754 shares of the computer maker’s stock after selling 34,062 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of HP worth $40,141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HPQ. Rosenberg Matthew Hamilton lifted its holdings in shares of HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of HP during the fourth quarter valued at approximately $28,000. Janiczek Wealth Management LLC boosted its stake in HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock worth $32,000 after purchasing an additional 566 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in HP during the 4th quarter worth approximately $34,000. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of HP by 47.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock valued at $36,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction 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 through this hyperlink. In other HP news, insider Stephanie Liebman sold 8,708 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was 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 accessible through the SEC website. Also, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the transaction, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

HPQ has been the topic of several recent analyst reports. StockNews.com lowered HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. HSBC raised shares of HP from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. Finally, Barclays upped their price objective on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Trading Up 1.0 %

HP stock opened at $28.27 on Tuesday. The company has a market capitalization of $27.73 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.34 and a beta of 1.05. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90. The firm’s fifty day simple moving average is $29.27 and its 200-day simple moving average is $28.89.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts predict that HP Inc. will post 3.42 earnings per share for the current year.

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.