Calamos Advisors LLC Cuts Stock Holdings in HP Inc. (NYSE:HPQ)

Calamos Advisors LLC lessened its position in HP Inc. (NYSE:HPQ) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 271,652 shares of the computer maker’s stock after selling 3,549 shares during the quarter. Calamos Advisors LLC’s holdings in HP were worth $8,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. raised its stake in HP by 1.4% in the fourth quarter. Whittier Trust Co. now owns 25,848 shares of the computer maker’s stock valued at $778,000 after buying an additional 362 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of HP by 3.3% in the 2nd quarter. Horizon Investments LLC now owns 12,002 shares of the computer maker’s stock valued at $369,000 after acquiring an additional 379 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of HP by 47.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker’s stock worth $36,000 after acquiring an additional 380 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in HP by 18.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,416 shares of the computer maker’s stock worth $73,000 after purchasing an additional 382 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in HP by 84.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 397 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. HSBC upgraded shares of HP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research report on Wednesday, February 14th. StockNews.com cut shares of HP from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Barclays raised 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

HP Stock Performance

Shares of NYSE:HPQ opened at $27.81 on Friday. HP Inc. has a one year low of $25.22 and a one year high of $33.90. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 2.33 and a beta of 1.05. The company has a 50-day simple moving average of $29.34 and a 200-day simple moving average of $28.80.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $13.56 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, research analysts forecast that HP Inc. will post 3.42 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were issued a dividend of $0.2756 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Tuesday, March 12th. HP’s dividend payout ratio is presently 32.16%.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 8,708 shares of the company’s stock in a transaction on Friday, March 8th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the firm’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 completion of the sale, the insider now 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. Insiders have sold a total of 116,723 shares of company stock worth $3,479,287 in the last three months. Insiders own 0.41% of the company’s stock.

HP Profile

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.