Steward Partners Investment Advisory LLC Has $923,000 Stock Position in HP Inc. (NYSE:HPQ)

Steward Partners Investment Advisory LLC lifted its stake in HP Inc. (NYSE:HPQ) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,281 shares of the computer maker’s stock after acquiring an additional 354 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in HP were worth $923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp increased its position in HP by 6.0% during the third quarter. Van ECK Associates Corp now owns 37,550 shares of the computer maker’s stock worth $1,346,000 after buying an additional 2,139 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of HP during the 3rd quarter worth approximately $247,000. Principal Financial Group Inc. increased its holdings in shares of HP by 16.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,924 shares of the computer maker’s stock worth $41,391,000 after acquiring an additional 160,268 shares during the last quarter. Assetmark Inc. increased its holdings in shares of HP by 40.8% during the 3rd quarter. Assetmark Inc. now owns 132,269 shares of the computer maker’s stock worth $4,745,000 after acquiring an additional 38,331 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of HP by 8.2% during the 3rd quarter. Atria Investments Inc now owns 61,848 shares of the computer maker’s stock worth $2,218,000 after acquiring an additional 4,712 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider Kristen M. Ludgate sold 74,356 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the completion of the sale, the insider now directly owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 11,000 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,643 shares of company stock valued at $4,319,565. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HPQ shares. Morgan Stanley decreased their price objective on shares of HP from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Hsbc Global Res downgraded shares of HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays increased their price objective on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. StockNews.com lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price target on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.14.

HP Trading Down 2.0 %

NYSE:HPQ opened at $29.94 on Tuesday. The stock has a market cap of $28.22 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The stock’s 50-day moving average is $32.71 and its 200-day moving average is $34.61. HP Inc. has a 1-year low of $27.43 and a 1-year high of $39.80.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, equities analysts forecast that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is currently 41.37%.

HP Company 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.