HP Inc. (NYSE:HPQ) Stock Position Lifted by Invesco Ltd.

Invesco Ltd. grew its position in shares of HP Inc. (NYSE:HPQ) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,511,218 shares of the computer maker’s stock after buying an additional 643,192 shares during the period. Invesco Ltd.’s holdings in HP were worth $310,351,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Cerity Partners LLC raised its position in shares of HP by 9.4% during the 4th quarter. Cerity Partners LLC now owns 233,475 shares of the computer maker’s stock worth $7,752,000 after purchasing an additional 20,050 shares during the period. Wedbush Securities Inc. increased its position in HP by 34.6% in the 4th quarter. Wedbush Securities Inc. now owns 18,568 shares of the computer maker’s stock valued at $606,000 after acquiring an additional 4,776 shares during the period. Envestnet Asset Management Inc. increased its position in HP by 3.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,718,989 shares of the computer maker’s stock valued at $56,091,000 after acquiring an additional 61,492 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in HP in the 4th quarter valued at approximately $921,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in HP in the 4th quarter valued at approximately $9,481,000. Institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on HPQ shares. Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Morgan Stanley lowered their price target on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Sanford C. Bernstein raised their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. TD Cowen decreased their target price on HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Finally, Barclays increased their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.14.

Insider Buying and Selling

In related news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now owns 169 shares of the company’s stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of HP 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 disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

HP Trading Up 11.2 %

Shares of NYSE HPQ opened at $24.32 on Thursday. The company has a fifty day moving average price of $29.81 and a 200 day moving average price of $33.31. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The firm has a market cap of $22.93 billion, a PE ratio of 8.65, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last issued its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Equities research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.76%. HP’s dividend payout ratio is 41.37%.

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.