Waldron Private Wealth LLC Has $294,000 Holdings in HP Inc. (NYSE:HPQ)

Waldron Private Wealth LLC lessened its holdings in HP Inc. (NYSE:HPQ) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,945 shares of the computer maker’s stock after selling 1,692 shares during the period. Waldron Private Wealth LLC’s holdings in HP were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in HP in the 3rd quarter worth $25,000. Synergy Asset Management LLC bought a new position in HP in the 4th quarter worth $26,000. Wolff Wiese Magana LLC raised its holdings in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the period. ORG Wealth Partners LLC bought a new position in HP in the 3rd quarter worth $37,000. Finally, Itau Unibanco Holding S.A. bought a new position in HP in the 3rd quarter worth $40,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of several recent analyst reports. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. HSBC downgraded shares of HP from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $38.00 in a report on Friday, November 29th. TD Cowen upped their target price on shares of HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their target price 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.23.

HP Trading Down 0.9 %

Shares of HPQ opened at $32.51 on Monday. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The firm has a fifty day simple moving average of $33.92 and a 200 day simple moving average of $35.13. The stock has a market capitalization of $30.48 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.78 and a beta of 1.05.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

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 3.56%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio is 41.28%.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. The trade was a 60.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by company insiders.

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.