CX Institutional Buys 575 Shares of HP Inc. (NYSE:HPQ)

CX Institutional lifted its stake in HP Inc. (NYSE:HPQ) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,151 shares of the computer maker’s stock after purchasing an additional 575 shares during the period. CX Institutional’s holdings in HP were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HPQ. LVW Advisors LLC lifted its position in shares of HP by 1.2% during the 3rd quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker’s stock valued at $857,000 after buying an additional 278 shares in the last quarter. Castleview Partners LLC lifted its position in shares of HP by 8.1% during the 3rd quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker’s stock valued at $138,000 after buying an additional 289 shares in the last quarter. Versant Capital Management Inc lifted its holdings in HP by 5.9% in the 3rd quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker’s stock valued at $191,000 after purchasing an additional 297 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in HP by 3.2% in the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock valued at $346,000 after purchasing an additional 303 shares in the last quarter. Finally, Arvest Investments Inc. lifted its holdings in HP by 0.9% in the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock valued at $1,232,000 after purchasing an additional 310 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Down 2.0 %

Shares of NYSE:HPQ opened at $32.73 on Monday. The business has a 50-day moving average price of $34.38 and a 200 day moving average price of $35.27. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.83 and a beta of 1.05. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79.

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

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Wednesday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio (DPR) is presently 41.28%.

Insider Activity

In related news, insider Alex Cho sold 40,287 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $34.80, for a total transaction of $1,401,987.60. Following the completion of the sale, the insider now owns 64,676 shares in the company, valued at $2,250,724.80. The trade was a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 sale, the chief executive officer now owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HPQ shares. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Sanford C. Bernstein raised their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. TD Cowen raised their price objective on HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reduced their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.23.

HP 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.