LSV Asset Management Trims Position in HP Inc. (HPQ)

LSV Asset Management lowered its stake in shares of HP Inc. (NYSE:HPQ) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,892,704 shares of the computer maker’s stock after selling 61,177 shares during the quarter. LSV Asset Management owned approximately 0.96% of HP worth $304,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Unison Advisors LLC lifted its holdings in HP by 0.5% during the fourth quarter. Unison Advisors LLC now owns 91,261 shares of the computer maker’s stock valued at $1,882,000 after purchasing an additional 483 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in HP by 12.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 4,402 shares of the computer maker’s stock valued at $90,000 after purchasing an additional 499 shares during the last quarter. DT Investment Partners LLC lifted its holdings in HP by 0.3% during the fourth quarter. DT Investment Partners LLC now owns 190,608 shares of the computer maker’s stock valued at $3,900,000 after purchasing an additional 632 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in HP by 6.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 11,339 shares of the computer maker’s stock valued at $232,000 after purchasing an additional 647 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in HP by 3.7% during the fourth quarter. Dupont Capital Management Corp now owns 18,590 shares of the computer maker’s stock valued at $380,000 after purchasing an additional 661 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

Several research firms have commented on HPQ. Zacks Investment Research downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Wolfe Research began coverage on shares of HP in a report on Tuesday, December 11th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. set a $26.00 price objective on shares of HP and gave the company a “neutral” rating in a report on Friday, November 30th. ValuEngine downgraded shares of HP from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $26.00 price objective on shares of HP in a report on Wednesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.31.

Shares of HP stock opened at $23.17 on Monday. HP Inc. has a 12-month low of $19.22 and a 12-month high of $27.08. The stock has a market capitalization of $35.61 billion, a PE ratio of 11.47, a PEG ratio of 2.22 and a beta of 1.43.

HP (NYSE:HPQ) last announced its quarterly earnings results on Thursday, November 29th. The computer maker reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. HP had a net margin of 9.11% and a negative return on equity of 188.62%. The firm had revenue of $15.37 billion for the quarter, compared to the consensus estimate of $15.13 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts predict that HP Inc. will post 2.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be paid a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, March 12th. HP’s dividend payout ratio is currently 31.68%.

In related news, insider Kim M. Rivera sold 46,072 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $24.14, for a total value of $1,112,178.08. Following the sale, the insider now directly owns 15,241 shares of the company’s stock, valued at $367,917.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dion J. Weisler sold 116,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $22.99, for a total transaction of $2,669,920.66. Following the completion of the sale, the insider now directly owns 1,248,276 shares in the company, valued at $28,697,865.24. The disclosure for this sale can be found here. Insiders sold 194,859 shares of company stock worth $4,515,614 over the last ninety days. 0.25% of the stock is currently owned by insiders.

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About HP

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.

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Institutional Ownership by Quarter for HP (NYSE:HPQ)

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