Swiss National Bank Trims Holdings in HP Inc. (NYSE:HPQ)

Swiss National Bank lessened its stake in HP Inc. (NYSE:HPQ) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,722,500 shares of the computer maker’s stock after selling 182,000 shares during the period. Swiss National Bank owned about 0.29% of HP worth $88,835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. Essential Planning LLC. acquired a new stake in shares of HP in the fourth quarter valued at $430,000. Sequoia Financial Advisors LLC grew its position in HP by 7.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 25,128 shares of the computer maker’s stock valued at $820,000 after acquiring an additional 1,715 shares in the last quarter. HighTower Advisors LLC increased its stake in HP by 1.0% during the fourth quarter. HighTower Advisors LLC now owns 191,082 shares of the computer maker’s stock worth $6,235,000 after purchasing an additional 1,835 shares during the period. Wealthfront Advisers LLC lifted its position in shares of HP by 423.6% during the fourth quarter. Wealthfront Advisers LLC now owns 230,391 shares of the computer maker’s stock worth $7,518,000 after purchasing an additional 186,386 shares in the last quarter. Finally, Global View Capital Management LLC purchased a new position in shares of HP in the fourth quarter valued at approximately $229,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction 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 transaction, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is owned by company insiders.

HP Trading Up 1.8 %

Shares of NYSE:HPQ opened at $28.43 on Friday. The firm has a 50 day simple moving average of $32.36 and a 200-day simple moving average of $34.42. HP Inc. has a twelve month low of $27.43 and a twelve month high of $39.80. The company has a market capitalization of $26.80 billion, a PE ratio of 10.12, a P/E/G ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last announced 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 firm had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.35 billion. HP had a net margin of 5.18% and a negative return on equity of 253.39%. As a group, equities research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.07%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is 41.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HPQ shares. JPMorgan Chase & Co. reduced their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. TD Cowen decreased their target price on HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. Citigroup cut their price target on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley reduced their target price on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, HP has a consensus rating of “Hold” and an average price target of $36.14.

About HP

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.