Lindbrook Capital LLC Has $100,000 Holdings in HP Inc. (NYSE:HPQ)

Lindbrook Capital LLC boosted its position in shares of HP Inc. (NYSE:HPQ) by 21.9% in the fourth quarter, Holdings Channel reports. The fund owned 3,319 shares of the computer maker’s stock after acquiring an additional 597 shares during the period. Lindbrook Capital LLC’s holdings in HP were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. CWM LLC grew its holdings in HP by 4.3% in the 3rd quarter. CWM LLC now owns 27,328 shares of the computer maker’s stock valued at $702,000 after buying an additional 1,129 shares during the last quarter. IFP Advisors Inc increased its position in HP by 9.8% during the third quarter. IFP Advisors Inc now owns 11,731 shares of the computer maker’s stock worth $302,000 after acquiring an additional 1,048 shares during the period. SG Americas Securities LLC raised its stake in HP by 9.6% during the 3rd quarter. SG Americas Securities LLC now owns 43,746 shares of the computer maker’s stock valued at $1,124,000 after purchasing an additional 3,827 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in HP by 11.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 8,427 shares of the computer maker’s stock valued at $217,000 after purchasing an additional 872 shares during the period. Finally, Oak Thistle LLC increased its holdings in shares of HP by 811.2% during the 3rd quarter. Oak Thistle LLC now owns 99,517 shares of the computer maker’s stock worth $2,558,000 after purchasing an additional 88,596 shares during the period. 77.53% of the stock is currently owned by institutional investors.

HP Stock Performance

Shares of NYSE:HPQ opened at $28.10 on Thursday. The company’s fifty day moving average is $29.30 and its 200-day moving average is $28.84. HP Inc. has a 52 week low of $25.22 and a 52 week high of $33.90. The company has a market capitalization of $27.56 billion, a PE ratio of 8.22, a P/E/G ratio of 2.31 and a beta of 1.05.

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

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were given a $0.2756 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 3.92%. HP’s payout ratio is 32.16%.

Insider Buying and Selling at HP

In other news, Director Robert R. Bennett sold 67,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the sale, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the transaction, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kristen M. Ludgate sold 41,015 shares of the firm’s stock in a transaction that occurred on 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 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 worth $3,479,287. 0.41% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.