HP Inc. (NYSE:HPQ) Shares Bought by Alpha Paradigm Partners LLC

Alpha Paradigm Partners LLC raised its holdings in HP Inc. (NYSE:HPQ – Get Rating) by 70.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,582 shares of the computer maker’s stock after acquiring an additional 8,078 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in HP were worth $488,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of HP during the 3rd quarter worth $27,000. Checchi Capital Advisers LLC raised its stake in shares of HP by 5.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 14,803 shares of the computer maker’s stock worth $494,000 after buying an additional 815 shares during the last quarter. Credit Agricole S A raised its stake in shares of HP by 50.7% during the 3rd quarter. Credit Agricole S A now owns 5,328 shares of the computer maker’s stock worth $133,000 after buying an additional 1,793 shares during the last quarter. Whittier Trust Co. raised its stake in shares of HP by 11.1% during the 3rd quarter. Whittier Trust Co. now owns 26,449 shares of the computer maker’s stock worth $659,000 after buying an additional 2,639 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of HP by 9.3% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 138,592 shares of the computer maker’s stock worth $3,454,000 after buying an additional 11,789 shares during the last quarter. Institutional investors and hedge funds own 79.68% of the company’s stock.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,000 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $27.13, for a total transaction of $922,420.00. Following the completion of the transaction, the chief executive officer now directly owns 804,268 shares in the company, valued at approximately $21,819,790.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Marie Myers sold 7,380 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $29.87, for a total transaction of $220,440.60. Following the completion of the transaction, the chief financial officer now owns 22,648 shares of the company’s stock, valued at $676,495.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Enrique Lores sold 34,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $27.13, for a total value of $922,420.00. Following the transaction, the chief executive officer now directly owns 804,268 shares of the company’s stock, valued at approximately $21,819,790.84. The disclosure for this sale can be found here. Insiders sold a total of 76,749 shares of company stock worth $2,105,460 in the last three months. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup cut their target price on shares of HP from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Friday, November 18th. UBS Group set a $30.00 price target on HP in a report on Thursday, November 24th. TheStreet cut HP from a “b-” rating to a “c+” rating in a report on Tuesday, February 28th. Morgan Stanley boosted their target price on HP from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, February 21st. Finally, Bank of America decreased their target price on HP from $27.00 to $26.00 in a report on Wednesday, March 1st. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, HP has an average rating of “Hold” and an average price target of $29.40.

HP Stock Up 1.7 %

Shares of HPQ opened at $27.81 on Wednesday. The business’s 50 day moving average is $28.89 and its two-hundred day moving average is $28.01. HP Inc. has a 52-week low of $24.08 and a 52-week high of $41.47. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 3.05 and a beta of 1.01.

HP (NYSE:HPQ – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.17 billion. HP had a negative return on equity of 141.20% and a net margin of 4.36%. The business’s revenue was down 18.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. On average, equities analysts expect that HP Inc. will post 3.29 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 8th will be paid a dividend of $0.2625 per share. The ex-dividend date is Tuesday, March 7th. This represents a $1.05 dividend on an annualized basis and a yield of 3.78%. HP’s payout ratio is currently 41.83%.

HP Company Profile

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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.