HP Inc. (NYSE:HPQ) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lowered its stake in shares of HP Inc. (NYSE:HPQ) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,741 shares of the computer maker’s stock after selling 11,041 shares during the quarter. UniSuper Management Pty Ltd’s holdings in HP were worth $6,942,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in HP in the 4th quarter worth about $31,000. OFI Invest Asset Management acquired a new stake in shares of HP in the fourth quarter valued at approximately $37,000. Itau Unibanco Holding S.A. bought a new stake in shares of HP during the third quarter valued at approximately $40,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of HP during the third quarter worth approximately $44,000. 77.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

HP Stock Down 0.1 %

HPQ opened at $28.68 on Friday. The firm has a market cap of $27.03 billion, a PE ratio of 10.20, a P/E/G ratio of 2.96 and a beta of 1.09. The business has a fifty day simple moving average of $31.57 and a 200-day simple moving average of $34.02. HP Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $39.80.

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

HP Dividend Announcement

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is currently 41.37%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HPQ shares. HSBC downgraded HP from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Sanford C. Bernstein lifted their price objective on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Hsbc Global Res cut shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. StockNews.com raised shares of HP from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Loop Capital lowered their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note 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 stock. According to MarketBeat.com, HP presently has a consensus rating of “Hold” and an average price target of $36.14.

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.