HP Inc. (NYSE:HPQ) Stock Holdings Increased by Cromwell Holdings LLC

Cromwell Holdings LLC boosted its position in HP Inc. (NYSE:HPQ) by 15.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,835 shares of the computer maker’s stock after buying an additional 389 shares during the quarter. Cromwell Holdings LLC’s holdings in HP were worth $93,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. Creative Planning increased its holdings in HP by 5.3% in the third quarter. Creative Planning now owns 225,129 shares of the computer maker’s stock valued at $8,075,000 after buying an additional 11,240 shares during the last quarter. Blue Trust Inc. increased its holdings in HP by 80.5% in the third quarter. Blue Trust Inc. now owns 10,580 shares of the computer maker’s stock valued at $371,000 after buying an additional 4,718 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in HP by 26.3% in the third quarter. Foundations Investment Advisors LLC now owns 9,038 shares of the computer maker’s stock valued at $324,000 after buying an additional 1,884 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in HP by 3.7% in the third quarter. Sequoia Financial Advisors LLC now owns 23,413 shares of the computer maker’s stock valued at $840,000 after buying an additional 832 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of HP by 3.6% during the third quarter. Signaturefd LLC now owns 18,142 shares of the computer maker’s stock valued at $651,000 after purchasing an additional 631 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other HP news, insider Alex Cho sold 10,298 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,277 shares of the company’s stock, valued at $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 worth $9,670,068 over the last ninety days. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. TD Cowen upped their target price on HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. HSBC lowered HP from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $38.00 in a report on Friday, November 29th. Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Sanford C. Bernstein upped their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.68.

HP Price Performance

Shares of HPQ stock opened at $34.73 on Friday. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79. The firm has a market capitalization of $32.57 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.05. The business has a 50 day simple moving average of $33.10 and a 200 day simple moving average of $34.81.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.33%. HP’s dividend payout ratio (DPR) is 41.28%.

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.