William B. Walkup & Associates Inc. Sells 4,000 Shares of HP Inc. (NYSE:HPQ)

William B. Walkup & Associates Inc. cut its holdings in HP Inc. (NYSE:HPQ) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,416 shares of the computer maker’s stock after selling 4,000 shares during the period. William B. Walkup & Associates Inc.’s holdings in HP were worth $470,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. iSAM Funds UK Ltd purchased a new position in HP during the fourth quarter valued at approximately $313,000. Vident Advisory LLC raised its position in HP by 4.8% during the fourth quarter. Vident Advisory LLC now owns 139,676 shares of the computer maker’s stock valued at $4,558,000 after purchasing an additional 6,371 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in HP by 6.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,768,970 shares of the computer maker’s stock worth $57,721,000 after purchasing an additional 114,948 shares during the last quarter. Wexford Capital LP increased its position in shares of HP by 228.6% during the 4th quarter. Wexford Capital LP now owns 23,000 shares of the computer maker’s stock valued at $750,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new position in shares of HP during the 4th quarter valued at about $837,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the topic of several research reports. Citigroup lifted their price target on shares of HP from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen cut their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Evercore ISI decreased their price objective on HP from $40.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Barclays increased their target price on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price objective on HP from $40.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.17.

Insiders Place Their Bets

In other HP news, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction that occurred 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 approximately $4,814.81. This trade represents a 99.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

HP Stock Performance

HPQ opened at $29.11 on Tuesday. The stock has a market capitalization of $27.44 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. The stock’s 50 day moving average price is $26.15 and its 200-day moving average price is $31.20. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.80.

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

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 annualized dividend and a yield of 3.98%. HP’s payout ratio 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.