Kendall Capital Management Buys 7,898 Shares of HP Inc. (NYSE:HPQ)

Kendall Capital Management raised its stake in HP Inc. (NYSE:HPQ) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,758 shares of the computer maker’s stock after buying an additional 7,898 shares during the quarter. HP comprises approximately 1.1% of Kendall Capital Management’s investment portfolio, making the stock its 23rd biggest holding. Kendall Capital Management’s holdings in HP were worth $3,745,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. United Community Bank lifted its stake in HP by 674.7% in the fourth quarter. United Community Bank now owns 57,411 shares of the computer maker’s stock valued at $1,873,000 after buying an additional 50,000 shares in the last quarter. Personal CFO Solutions LLC bought a new position in HP in the fourth quarter valued at approximately $745,000. Amundi lifted its stake in HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker’s stock valued at $217,319,000 after buying an additional 899,349 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in HP by 1.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 20,384 shares of the computer maker’s stock valued at $665,000 after buying an additional 329 shares in the last quarter. Finally, Lifeworks Advisors LLC lifted its stake in HP by 50.3% in the fourth quarter. Lifeworks Advisors LLC now owns 106,373 shares of the computer maker’s stock valued at $3,471,000 after buying an additional 35,586 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE:HPQ opened at $30.56 on Friday. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The company has a market cap of $28.80 billion, a P/E ratio of 10.87, a P/E/G ratio of 2.96 and a beta of 1.09. The firm’s fifty day moving average price is $32.76 and its two-hundred day moving average price is $34.65.

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

HP Announces Dividend

The firm also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio is 41.37%.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. This trade represents a 63.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $4,997,076.30. Following the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 262,737 shares of company stock valued at $9,316,641. 0.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of research reports. 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. Loop Capital cut their price objective on shares of HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, March 4th. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company boosted their price objective on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, TD Cowen cut their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.