Investors Asset Management of Georgia Inc. GA ADV Sells 417 Shares of HP Inc. (NYSE:HPQ)

Investors Asset Management of Georgia Inc. GA ADV lessened its holdings in HP Inc. (NYSE:HPQ) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,331 shares of the computer maker’s stock after selling 417 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in HP were worth $337,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of HP during the third quarter valued at $25,000. Synergy Asset Management LLC bought a new position in HP during the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HP during the third quarter worth about $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

HPQ opened at $34.73 on Friday. The firm has a market capitalization of $32.57 billion, a PE ratio of 12.36, a P/E/G ratio of 2.96 and a beta of 1.05. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The company’s 50-day moving average is $33.10 and its 200 day moving average is $34.81.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein increased their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. HSBC lowered shares of HP from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. TD Cowen increased their target price on shares of HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, Citigroup decreased their price target on shares of HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $36.68.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 273,035 shares of company stock valued at $9,670,068 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

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.