HP Inc. (NYSE:HPQ) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in HP Inc. (NYSE:HPQ) by 138.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,532 shares of the computer maker’s stock after acquiring an additional 15,982 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HP were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in HP during the 3rd quarter worth about $25,000. Rosenberg Matthew Hamilton raised its holdings in HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after buying an additional 397 shares during the period. Certified Advisory Corp acquired a new stake in HP during the 1st quarter worth about $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in HP during the 4th quarter worth about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in HP during the 3rd quarter worth about $32,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on HPQ shares. Barclays boosted their price objective on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, February 29th. HSBC upgraded HP from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

HP Price Performance

Shares of HPQ opened at $27.96 on Tuesday. The company has a market capitalization of $27.42 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.39 and a beta of 1.05. The business’s 50-day moving average is $29.38 and its 200-day moving average is $28.77. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $13.19 billion during the quarter, compared to analysts’ expectations of $13.56 billion. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. Equities research analysts expect that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a $0.2756 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a dividend yield of 3.94%. HP’s payout ratio is 32.16%.

Insider Activity at HP

In related news, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the sale, the insider now owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In other HP news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 41,015 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total value of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,723 shares of company stock valued at $3,479,287. 0.41% of the stock is owned by corporate insiders.

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.