Humankind Investments LLC Has $1.10 Million Stake in HP Inc. (NYSE:HPQ)

Humankind Investments LLC grew its holdings in shares of HP Inc. (NYSE:HPQ) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,759 shares of the computer maker’s stock after acquiring an additional 829 shares during the period. Humankind Investments LLC’s holdings in HP were worth $1,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in HP in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of HP during the 4th quarter valued at $36,000. OFI Invest Asset Management acquired a new stake in HP in the fourth quarter worth $37,000. Finally, CoreCap Advisors LLC grew its holdings in HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock worth $46,000 after purchasing an additional 587 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research reports. 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 note on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on HP from $40.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Evercore ISI lowered their target price on HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Barclays lifted their price target on shares of HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, TD Cowen lowered their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.83.

HP Stock Up 0.5 %

HP stock opened at $26.45 on Friday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The company’s 50 day moving average price is $26.23 and its two-hundred day moving average price is $31.56. The stock has a market cap of $24.93 billion, a P/E ratio of 9.41, a P/E/G ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. On average, equities analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

Insider Activity

In related news, insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was 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 directly owns 169 shares of the company’s stock, valued at $4,814.81. This represents a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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.