FCG Investment Co Has $328,000 Holdings in HP Inc. (NYSE:HPQ)

FCG Investment Co trimmed its holdings in HP Inc. (NYSE:HPQ) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,047 shares of the computer maker’s stock after selling 958 shares during the period. FCG Investment Co’s holdings in HP were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HPQ. Ashton Thomas Securities LLC bought a new position in HP during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC increased its position in shares of HP by 115.1% in the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares during the period. ORG Wealth Partners LLC acquired a new position in HP in the third quarter valued at about $37,000. Itau Unibanco Holding S.A. bought a new stake in HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in HP during the third quarter worth about $44,000. 77.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein upped their target price on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. TD Cowen raised their target price on HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price target on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, HSBC lowered HP from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $38.00 in a research note on Friday, November 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.23.

HP Trading Up 0.6 %

NYSE:HPQ opened at $33.33 on Friday. The stock’s 50-day moving average is $34.53 and its 200-day moving average is $35.31. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79. The stock has a market cap of $31.26 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. As a group, equities analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were given a dividend of $0.2894 per share. This is a positive change from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Wednesday, December 11th. HP’s dividend payout ratio (DPR) is currently 40.93%.

Insiders Place Their Bets

In other HP news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. This trade represents a 63.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by company insiders.

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.