Keybank National Association OH Sells 2,720 Shares of HP Inc. (NYSE:HPQ)

Keybank National Association OH reduced its holdings in HP Inc. (NYSE:HPQ) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 156,888 shares of the computer maker’s stock after selling 2,720 shares during the quarter. Keybank National Association OH’s holdings in HP were worth $5,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI grew its position in shares of HP by 18.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 138,272 shares of the computer maker’s stock valued at $4,512,000 after purchasing an additional 21,613 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of HP by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker’s stock valued at $222,985,000 after purchasing an additional 90,606 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of HP by 1.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,281 shares of the computer maker’s stock valued at $923,000 after purchasing an additional 354 shares during the last quarter. Auxano Advisors LLC grew its position in shares of HP by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock valued at $282,000 after purchasing an additional 310 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of HP in the fourth quarter valued at about $1,902,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Up 1.0 %

NYSE HPQ opened at $29.60 on Thursday. The stock’s 50 day moving average is $32.88 and its two-hundred day moving average is $34.72. The company has a market capitalization of $27.91 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.96 and a beta of 1.05. HP Inc. has a 1-year low of $27.42 and a 1-year high of $39.79.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is currently 41.37%.

Insider Activity

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. This trade represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 262,737 shares of company stock worth $9,316,641. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley decreased their target price on HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Barclays lifted their target price on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Wells Fargo & Company lifted their target price on 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 decreased their target price on 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 given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, HP presently has an average 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.