HP Inc. (NYSE:HPQ) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC decreased its holdings in shares of HP Inc. (NYSE:HPQ) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,499 shares of the computer maker’s stock after selling 2,673 shares during the period. Custom Index Systems LLC’s holdings in HP were worth $734,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in HP during the third quarter worth $25,000. Synergy Asset Management LLC purchased a new stake in shares of HP during the 4th quarter worth $26,000. Wolff Wiese Magana LLC grew its stake in shares of HP by 115.1% during the 3rd 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 purchased a new position in shares of HP in the 3rd quarter valued at about $37,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of HP in the third quarter valued at about $40,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HPQ. Barclays increased their target price on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating 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 research note on Wednesday, November 27th. Citigroup decreased their target price on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Sanford C. Bernstein boosted their price objective 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.23.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the transaction, the chief executive officer now owns 89,272 shares in the company, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 64,676 shares of the company’s stock, valued at $2,219,680.32. This represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 273,035 shares of company stock worth $9,670,068 in the last three months. Company insiders own 0.41% of the company’s stock.

HP Price Performance

HP stock opened at $32.51 on Friday. The firm’s 50-day moving average is $34.03 and its two-hundred day moving average is $35.18. The stock has a market capitalization of $30.48 billion, a P/E ratio of 11.57, a P/E/G ratio of 2.78 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 announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the business earned $0.90 earnings per share. HP’s revenue was up 1.7% compared to the same quarter last year. As a group, analysts forecast 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. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is currently 41.28%.

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.