HP Inc. (NYSE:HPQ) Shares Bought by Cwm LLC

Cwm LLC grew its stake in shares of HP Inc. (NYSE:HPQ) by 8.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,745 shares of the computer maker’s stock after buying an additional 2,417 shares during the quarter. Cwm LLC’s holdings in HP were worth $895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. California Public Employees Retirement System lifted its position in shares of HP by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 2,966,113 shares of the computer maker’s stock valued at $76,229,000 after acquiring an additional 112,427 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of HP by 23.6% in the third 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 in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of HP by 8.8% in the third 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 in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of HP by 87.9% in the fourth 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 in the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of HP in the fourth quarter valued at $1,758,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 0.5 %

NYSE HPQ opened at $28.00 on Monday. HP Inc. has a 1-year low of $25.22 and a 1-year high of $33.90. The company has a market capitalization of $27.46 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. The firm’s fifty day simple moving average is $29.27 and its 200-day simple moving average is $28.88.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.2756 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 3.94%. HP’s dividend payout ratio (DPR) is currently 32.16%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 8,708 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other HP news, Director Robert R. Bennett sold 67,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 8,708 shares of the firm’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 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 three months. Corporate 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.