Operose Advisors LLC Sells 532 Shares of HP Inc. (NYSE:HPQ)

Operose Advisors LLC cut its holdings in HP Inc. (NYSE:HPQ) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,660 shares of the computer maker’s stock after selling 532 shares during the quarter. Operose Advisors LLC’s holdings in HP were worth $54,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in shares of HP in the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in HP in the 4th quarter worth about $31,000. OFI Invest Asset Management bought a new position in HP during the 4th quarter valued at about $37,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of HP during the 4th quarter valued at about $50,000. Finally, Summit Securities Group LLC bought a new stake in shares of HP in the fourth quarter worth approximately $55,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Barclays raised their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. TD Cowen reduced their price objective on HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Citigroup lowered their target price on HP from $36.50 to $25.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Loop Capital cut their price target on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.09.

Insider Buying and Selling

In other news, insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the business’s stock in a transaction dated 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 owns 169 shares in the company, 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. 0.38% of the stock is currently owned by company insiders.

HP Trading Down 1.3 %

NYSE HPQ opened at $23.72 on Wednesday. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 2.96 and a beta of 1.09. The company’s 50 day moving average is $29.11 and its two-hundred day moving average is $32.96.

HP (NYSE:HPQ) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. Sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 41.37%.

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.