Mutual of America Capital Management LLC Lowers Holdings in HP Inc. (NYSE:HPQ)

Mutual of America Capital Management LLC cut its holdings in HP Inc. (NYSE:HPQ) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,633 shares of the computer maker’s stock after selling 5,041 shares during the period. Mutual of America Capital Management LLC’s holdings in HP were worth $3,509,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in HP by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock worth $76,229,000 after acquiring an additional 112,427 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of HP by 23.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,204 shares of the computer maker’s stock valued at $545,000 after purchasing an additional 4,054 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of HP by 8.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 62,575 shares of the computer maker’s stock valued at $1,608,000 after purchasing an additional 5,064 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of HP by 87.9% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 765,799 shares of the computer maker’s stock valued at $22,960,000 after purchasing an additional 358,231 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of HP during the 4th quarter valued at approximately $1,758,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ stock opened at $27.69 on Thursday. The firm has a market capitalization of $27.16 billion, a PE ratio of 8.10, a P/E/G ratio of 2.34 and a beta of 1.05. The stock’s 50-day simple moving average is $29.37 and its 200-day simple moving average is $28.78. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90.

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

HP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.2756 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 annualized dividend and a dividend yield of 3.98%. HP’s dividend payout ratio (DPR) is presently 32.16%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Stephanie Liebman sold 8,708 shares of HP 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 filing with the SEC, which is accessible through this hyperlink. In related news, insider Stephanie Liebman sold 8,708 shares of HP 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 41,015 shares of HP 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 transaction, the insider now owns 56,169 shares in the company, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Insiders have sold a total of 116,723 shares of company stock worth $3,479,287 over the last quarter. 0.41% of the stock is currently 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.