HP Inc. (NYSE:HPQ) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of HP Inc. (NYSE:HPQ) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,970 shares of the computer maker’s stock after acquiring an additional 25,169 shares during the period. LPL Financial LLC’s holdings in HP were worth $13,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HBK Sorce Advisory LLC increased its holdings in HP by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker’s stock worth $374,000 after purchasing an additional 306 shares during the last quarter. Auxano Advisors LLC grew its position in shares of HP by 3.7% during the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock worth $282,000 after buying an additional 310 shares in the last quarter. Wedmont Private Capital increased its stake in shares of HP by 2.6% in the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker’s stock worth $420,000 after buying an additional 316 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in HP by 2.7% in the fourth quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker’s stock valued at $400,000 after acquiring an additional 319 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in HP by 1.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 20,384 shares of the computer maker’s stock valued at $665,000 after acquiring an additional 329 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

HP stock opened at $27.91 on Thursday. The firm has a market capitalization of $26.31 billion, a P/E ratio of 9.93, a P/E/G ratio of 2.96 and a beta of 1.09. The company has a 50-day simple moving average of $31.17 and a 200-day simple moving average of $33.86. HP Inc. has a one year low of $27.30 and a one year high of $39.80.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.2894 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 4.15%. HP’s payout ratio is 41.37%.

Insider Activity

In other news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HPQ. Wells Fargo & Company boosted their target price on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. TD Cowen lowered their price objective on HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein increased their target price on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Barclays boosted their price target on HP from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. One research 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.14.

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.