Flagship Wealth Advisors LLC Makes New $98,000 Investment in HP Inc. (NYSE:HPQ)

Flagship Wealth Advisors LLC bought a new stake in HP Inc. (NYSE:HPQ) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,012 shares of the computer maker’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new stake in HP in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in HP in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. purchased a new stake in HP in the third quarter valued at $40,000. OFI Invest Asset Management purchased a new stake in HP in the fourth quarter valued at $37,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in HP in the third quarter valued at $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HPQ shares. JPMorgan Chase & Co. reduced their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. TD Cowen cut their price objective on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup cut 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. Finally, Loop Capital cut their price objective on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, March 4th. One investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.14.

HP Price Performance

Shares of NYSE HPQ opened at $28.91 on Tuesday. The stock’s 50-day moving average is $32.26 and its two-hundred day moving average is $34.37. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80.

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

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.00%. HP’s dividend payout ratio is currently 41.37%.

Insider Transactions at HP

In related news, insider Stephanie Liebman sold 11,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

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.