HP Inc. (NYSE:HPQ) Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lessened its stake in HP Inc. (NYSE:HPQ) by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,344 shares of the computer maker’s stock after selling 6,122 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in HP were worth $501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC acquired a new position in shares of HP in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in HP in the 4th quarter worth about $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in HP in the 4th quarter worth about $36,000. OFI Invest Asset Management acquired a new position in HP in the 4th quarter worth about $37,000. Finally, CoreCap Advisors LLC raised its holdings in HP by 71.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker’s stock worth $46,000 after purchasing an additional 587 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the subject of a number of analyst reports. Morgan Stanley upped their price target on HP from $25.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday. Loop Capital reduced their price target on HP from $35.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, March 4th. TD Cowen reduced their price target on HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. reduced their price target on HP from $40.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, HP presently has an average rating of “Hold” and an average target price of $33.67.

Insider Activity

In related news, insider Anneliese Olson sold 21,545 shares of the 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 completion of the transaction, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This represents a 99.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

HP Price Performance

Shares of HP stock opened at $27.99 on Friday. The business has a 50 day simple moving average of $26.15 and a two-hundred day simple moving average of $31.01. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock has a market capitalization of $26.39 billion, a P/E ratio of 9.96, a PEG ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $13.50 billion during 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, research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.14%. HP’s dividend payout ratio (DPR) is presently 41.37%.

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.