Stratos Wealth Partners LTD. Sells 13,181 Shares of HP Inc. (NYSE:HPQ)

Stratos Wealth Partners LTD. trimmed its position in shares of HP Inc. (NYSE:HPQ) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,032 shares of the computer maker’s stock after selling 13,181 shares during the period. Stratos Wealth Partners LTD.’s holdings in HP were worth $362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPQ. Mascoma Wealth Management LLC bought a new position in HP in the third quarter worth about $25,000. Rosenberg Matthew Hamilton raised its stake in HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after buying an additional 397 shares in the last quarter. Certified Advisory Corp bought a new position in HP in the first quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in HP in the third quarter worth about $32,000. Finally, Jefferies Financial Group Inc. bought a new position in HP in the fourth quarter worth about $32,000. 77.53% of the stock is owned by institutional investors.

Insider Activity at HP

In other HP news, insider Kristen M. Ludgate sold 41,015 shares of HP stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the sale, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other HP news, insider Stephanie Liebman sold 8,708 shares of HP stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock valued at $3,479,287 over the last 90 days. Corporate insiders own 0.41% of the company’s stock.

HP Stock Down 2.4 %

Shares of HPQ opened at $28.53 on Monday. The company has a market capitalization of $27.98 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05. The firm has a 50 day moving average of $29.39 and a 200 day moving average of $28.75. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, meeting the consensus estimate of $0.81. The company had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. On average, sell-side analysts expect that HP Inc. will post 3.42 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.2756 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio (DPR) is currently 32.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HPQ shares. HSBC raised shares of HP from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Barclays raised their target price on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Finally, StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, HP has a consensus rating of “Moderate Buy” and an average price target of $33.11.

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.