Human Investing LLC Has $816,000 Stake in HP Inc. (NYSE:HPQ)

Human Investing LLC decreased its holdings in HP Inc. (NYSE:HPQ) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,736 shares of the computer maker’s stock after selling 834 shares during the period. Human Investing LLC’s holdings in HP were worth $816,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new stake in shares of HP during the 1st quarter worth about $269,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of HP by 7.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,278,175 shares of the computer maker’s stock valued at $68,846,000 after purchasing an additional 148,298 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of HP by 85.9% during the first quarter. State of Alaska Department of Revenue now owns 174,585 shares of the computer maker’s stock worth $5,275,000 after purchasing an additional 80,670 shares during the period. Norden Group LLC acquired a new stake in HP during the 1st quarter worth approximately $665,000. Finally, First Trust Direct Indexing L.P. boosted its stake in HP by 7.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 30,498 shares of the computer maker’s stock valued at $922,000 after purchasing an additional 2,086 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE:HPQ traded up $0.66 during trading hours on Friday, hitting $36.18. The company’s stock had a trading volume of 966,732 shares, compared to its average volume of 7,758,993. The company has a market capitalization of $34.87 billion, a P/E ratio of 12.46, a PEG ratio of 2.66 and a beta of 1.07. HP Inc. has a twelve month low of $26.67 and a twelve month high of $39.52. The stock has a fifty day simple moving average of $35.64 and a 200-day simple moving average of $34.30.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 28th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $13.52 billion for the quarter, compared to the consensus estimate of $13.37 billion. HP had a net margin of 5.33% and a negative return on equity of 266.37%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. On average, equities analysts predict that HP Inc. will post 3.39 EPS for the current fiscal year.

HP declared that its Board of Directors has approved a share repurchase program on Wednesday, August 28th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the computer maker to reacquire up to 28.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 211,501 shares of HP stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the sale, the chief executive officer now directly owns 3 shares of the company’s stock, valued at approximately $99.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent research reports. Morgan Stanley lowered their price objective on HP from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Bank of America lowered shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Friday, September 27th. Citigroup downgraded shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a report on Tuesday, October 1st. Barclays dropped their price target on shares of HP from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Thursday, August 29th. Finally, Loop Capital dropped their price target on HP from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.55.

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.