True Link Financial Advisors LLC Buys New Shares in HP Inc. (NYSE:HPQ)

True Link Financial Advisors LLC purchased a new stake in HP Inc. (NYSE:HPQFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,516 shares of the computer maker’s stock, valued at approximately $407,000.

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

Insider Buying and Selling

In other news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total value of $269,338.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Enrique Lores sold 38,000 shares of HP stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 888,911 shares of the company’s stock, valued at $26,445,102.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. Insiders sold 154,723 shares of company stock worth $4,609,787 in the last 90 days. 0.41% of the stock is owned by company insiders.

HP Stock Performance

Shares of HPQ opened at $30.22 on Monday. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90. The firm has a market capitalization of $29.64 billion, a P/E ratio of 8.84, a P/E/G ratio of 2.53 and a beta of 1.05. The company has a 50-day simple moving average of $29.36 and a 200-day simple moving average of $28.57.

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

HP Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on HPQ shares. Morgan Stanley upgraded HP from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $35.00 in a report on Tuesday, December 12th. HSBC upgraded HP from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Evercore ISI upgraded shares of HP from an “in-line” rating to an “outperform” rating and raised their price target for the company from $33.00 to $40.00 in a report on Monday, December 11th. Barclays raised 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, StockNews.com cut HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, HP has an average rating of “Moderate Buy” and an average target price of $33.11.

Get Our Latest Analysis on HPQ

HP Company 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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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