Czech National Bank Has $6.82 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Czech National Bank increased its holdings in shares of HP Inc. (NYSE:HPQ) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,954 shares of the computer maker’s stock after acquiring an additional 9,611 shares during the period. Czech National Bank’s holdings in HP were worth $6,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPQ. Ashton Thomas Securities LLC acquired a new stake in HP during the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC boosted its stake in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock valued at $35,000 after buying an additional 518 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in HP in the third quarter valued at $37,000. Itau Unibanco Holding S.A. acquired a new position in HP during the third quarter worth $40,000. Finally, DecisionPoint Financial LLC bought a new position in shares of HP during the second quarter valued at $43,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of NYSE HPQ opened at $32.66 on Wednesday. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The firm has a market capitalization of $30.63 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.95 and a beta of 1.05. The company’s 50 day simple moving average is $35.05 and its 200 day simple moving average is $35.40.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. This is a positive change from HP’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.16 annualized dividend and a yield of 3.54%. HP’s dividend payout ratio (DPR) is presently 40.93%.

Insider Activity at HP

In other news, CEO Enrique Lores sold 137,094 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now owns 89,272 shares of the company’s stock, valued at $3,253,964.40. The trade was a 60.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at approximately $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,035 shares of company stock worth $9,670,068. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HPQ shares. Barclays increased their target price on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Bank of America cut shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a research note on Friday, September 27th. TD Cowen increased their price target on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. HSBC downgraded HP from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.23.

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.