Sei Investments Co. Sells 184,587 Shares of HP Inc (HPQ)

Sei Investments Co. lessened its holdings in HP Inc (NYSE:HPQ) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,091,540 shares of the computer maker’s stock after selling 184,587 shares during the quarter. Sei Investments Co.’s holdings in HP were worth $43,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HPQ. Ark Investment Management LLC boosted its stake in shares of HP by 37.4% in the 2nd quarter. Ark Investment Management LLC now owns 78,615 shares of the computer maker’s stock valued at $1,374,000 after purchasing an additional 21,399 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of HP in the 2nd quarter valued at about $296,000. National Asset Management Inc. boosted its stake in shares of HP by 1.4% in the 2nd quarter. National Asset Management Inc. now owns 11,788 shares of the computer maker’s stock valued at $208,000 after purchasing an additional 165 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of HP by 9.8% in the 2nd quarter. Advisory Services Network LLC now owns 9,217 shares of the computer maker’s stock valued at $161,000 after purchasing an additional 824 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of HP by 2.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,389,100 shares of the computer maker’s stock valued at $24,281,000 after purchasing an additional 32,100 shares during the last quarter. 81.08% of the stock is currently owned by institutional investors.

Shares of HP Inc (NYSE HPQ) opened at $21.58 on Thursday. The company has a debt-to-equity ratio of -1.98, a quick ratio of 0.74 and a current ratio of 1.00. The company has a market cap of $33,858.79, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 2.16 and a beta of 1.77. HP Inc has a fifty-two week low of $15.72 and a fifty-two week high of $24.10.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 21st. The computer maker reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. HP had a net margin of 4.85% and a negative return on equity of 70.25%. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.36 billion. During the same period last year, the company posted $0.36 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. equities analysts anticipate that HP Inc will post 1.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be issued a $0.1393 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.58%. HP’s dividend payout ratio (DPR) is presently 37.58%.

In other news, insider Enrique Lores sold 302,893 shares of HP stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.31, for a total value of $7,060,435.83. Following the sale, the insider now directly owns 88,901 shares in the company, valued at $2,072,282.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shumeet Banerji sold 35,686 shares of HP stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $21.50, for a total transaction of $767,249.00. Following the completion of the sale, the director now owns 28,000 shares in the company, valued at $602,000. The disclosure for this sale can be found here. Insiders sold 902,988 shares of company stock worth $19,938,441 over the last quarter. 0.62% of the stock is owned by corporate insiders.

HPQ has been the topic of several recent research reports. Maxim Group reaffirmed a “hold” rating and issued a $25.00 target price on shares of HP in a research note on Friday, October 27th. Royal Bank of Canada lifted their price objective on shares of HP from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Morgan Stanley reissued a “hold” rating and set a $14.00 price objective on shares of HP in a research note on Wednesday, November 22nd. Mizuho lowered shares of HP from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, Deutsche Bank reissued a “buy” rating and set a $25.00 price objective on shares of HP in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.83.

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About HP

HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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