HP Inc. (NYSE:HPQ) Shares Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC raised its stake in HP Inc. (NYSE:HPQ) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 191,805 shares of the computer maker’s stock after purchasing an additional 5,348 shares during the period. Greystone Financial Group LLC’s holdings in HP were worth $6,259,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of HP in the 3rd quarter worth $25,000. Synergy Asset Management LLC acquired a new stake in HP during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of HP in the 3rd quarter valued at about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of HP during the 3rd quarter worth about $44,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HP news, insider Alex Cho sold 40,287 shares of the company’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 sale, the insider now owns 64,676 shares in the company, valued at $2,250,724.80. This represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Enrique Lores sold 137,094 shares of HP 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 completion of the transaction, 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. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 in the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HPQ shares. TD Cowen raised their price target on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Barclays raised their target price on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Sanford C. Bernstein upped their price target on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday. Finally, HSBC cut HP from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.68.

HP Stock Performance

NYSE:HPQ opened at $34.63 on Friday. The stock has a market cap of $32.48 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The business’s 50-day simple moving average is $33.10 and its 200 day simple moving average is $34.83.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The company had revenue of $14.06 billion for 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%. HP’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 business earned $0.90 EPS. On average, equities research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. HP’s dividend payout ratio (DPR) is 41.28%.

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.