HP Inc. (NYSE:HPQ) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in HP Inc. (NYSE:HPQFree Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,374 shares of the computer maker’s stock after selling 84,264 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in HP were worth $10,242,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HPQ. Vanguard Group Inc. lifted its holdings in HP by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after buying an additional 12,883,347 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of HP by 2.2% in the first quarter. Geode Capital Management LLC now owns 19,387,223 shares of the computer maker’s stock worth $568,395,000 after acquiring an additional 421,075 shares in the last quarter. Morgan Stanley boosted its holdings in HP by 22.5% in the fourth quarter. Morgan Stanley now owns 14,639,525 shares of the computer maker’s stock valued at $393,364,000 after purchasing an additional 2,686,976 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in HP by 114,461.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker’s stock valued at $310,043,000 after purchasing an additional 11,528,558 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in HP by 6.2% during the 3rd quarter. Northern Trust Corp now owns 10,131,560 shares of the computer maker’s stock worth $260,381,000 after purchasing an additional 589,775 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $29.75, for a total value of $1,130,500.00. Following the sale, the chief executive officer now directly owns 888,911 shares in the company, valued at approximately $26,445,102.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other HP news, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Enrique Lores sold 38,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $29.75, for a total transaction of $1,130,500.00. Following the completion of the transaction, the chief executive officer now owns 888,911 shares of the company’s stock, valued at $26,445,102.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,723 shares of company stock worth $4,609,787. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HPQ. StockNews.com downgraded shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Evercore ISI upgraded shares of HP from an “in-line” rating to an “outperform” rating and upped their target price for the company from $33.00 to $40.00 in a research note on Monday, December 11th. Morgan Stanley upgraded HP from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $31.00 to $35.00 in a research note on Tuesday, December 12th. Barclays upped their price objective on HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Finally, HSBC raised HP from a “hold” rating to a “buy” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Check Out Our Latest Stock Report on HPQ

HP Trading Up 0.3 %

NYSE:HPQ opened at $30.22 on Monday. The stock has a 50 day moving average of $29.36 and a 200-day moving average of $28.57. The firm has a market capitalization of $29.64 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90.

HP (NYSE:HPQGet Free Report) last issued its earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm had revenue of $13.19 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, analysts predict that HP Inc. will post 3.41 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th will be issued a dividend of $0.2756 per share. The ex-dividend date is Tuesday, March 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.65%. HP’s dividend payout ratio (DPR) is presently 32.16%.

HP Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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