Gitterman Wealth Management LLC Raises Stake in HP Inc. (NYSE:HPQ)

Gitterman Wealth Management LLC boosted its position in HP Inc. (NYSE:HPQ) by 94.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,396 shares of the computer maker’s stock after buying an additional 7,973 shares during the quarter. Gitterman Wealth Management LLC’s holdings in HP were worth $535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HPQ. Apollon Wealth Management LLC boosted its stake in HP by 5.8% in the third quarter. Apollon Wealth Management LLC now owns 20,676 shares of the computer maker’s stock worth $742,000 after buying an additional 1,129 shares in the last quarter. Aptus Capital Advisors LLC purchased a new stake in HP in the third quarter worth approximately $312,000. Oppenheimer Asset Management Inc. boosted its stake in HP by 108.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,213 shares of the computer maker’s stock worth $546,000 after buying an additional 7,924 shares in the last quarter. Huntington National Bank boosted its stake in HP by 13.4% in the third quarter. Huntington National Bank now owns 81,015 shares of the computer maker’s stock worth $2,906,000 after buying an additional 9,591 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in HP by 2.9% in the third quarter. Metis Global Partners LLC now owns 52,443 shares of the computer maker’s stock worth $1,881,000 after buying an additional 1,464 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. Loop Capital lowered their price objective on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Citigroup lowered their price objective on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley lowered their price objective on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. Barclays boosted their price objective on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, HSBC downgraded 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 report on Friday, November 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.14.

HP Trading Up 1.8 %

HPQ opened at $28.43 on Friday. The stock has a fifty day simple moving average of $32.36 and a two-hundred day simple moving average of $34.42. The company has a market cap of $26.80 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 12-month low of $27.43 and a 12-month high of $39.80.

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

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.07%. HP’s dividend payout ratio is currently 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.