HP Inc. (NYSE:HPQ) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. increased its holdings in shares of HP Inc. (NYSE:HPQ) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,038 shares of the computer maker’s stock after acquiring an additional 14,334 shares during the period. Candriam S.C.A.’s holdings in HP were worth $3,525,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in HP by 16.1% in the third quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after purchasing an additional 160,268 shares during the last quarter. Oak Thistle LLC grew its holdings in HP by 169.3% in the fourth quarter. Oak Thistle LLC now owns 34,682 shares of the computer maker’s stock valued at $1,132,000 after purchasing an additional 21,805 shares during the last quarter. Tidal Investments LLC grew its holdings in HP by 47.5% in the third quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after purchasing an additional 47,230 shares during the last quarter. MML Investors Services LLC grew its holdings in HP by 35.0% in the third quarter. MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock valued at $2,243,000 after purchasing an additional 16,207 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in HP by 4.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker’s stock valued at $14,581,000 after purchasing an additional 18,557 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the topic of several research reports. Barclays upped 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. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Loop Capital decreased their price objective on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Trading Up 2.0 %

NYSE HPQ opened at $30.56 on Friday. The business’s 50-day moving average price is $32.76 and its 200 day moving average price is $34.65. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The company has a market capitalization of $28.80 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09.

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

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.79%. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling

In other news, insider Kristen M. Ludgate sold 74,356 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares in the company, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 262,737 shares of company stock worth $9,316,641. 0.38% of the stock is 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.