Capital Planning LLC Sells 2,607 Shares of HP Inc. (NYSE:HPQ)

Capital Planning LLC trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 19.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,103 shares of the computer maker’s stock after selling 2,607 shares during the quarter. Capital Planning LLC’s holdings in HP were worth $366,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. LVW Advisors LLC raised its stake in HP by 1.2% in the third quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker’s stock valued at $857,000 after purchasing an additional 278 shares in the last quarter. Castleview Partners LLC raised its stake in HP by 8.1% during the third quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker’s stock worth $138,000 after acquiring an additional 289 shares in the last quarter. Versant Capital Management Inc raised its stake in HP by 5.9% during the third quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker’s stock worth $191,000 after acquiring an additional 297 shares in the last quarter. King Luther Capital Management Corp raised its stake in HP by 3.2% during the third quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock worth $346,000 after acquiring an additional 303 shares in the last quarter. Finally, Arvest Investments Inc. raised its stake in HP by 0.9% during the third quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock worth $1,232,000 after acquiring an additional 310 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 137,094 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the sale, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the sale, the insider now directly owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,035 shares of company stock valued at $9,670,068 over the last ninety days. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research analyst reports. Citigroup lowered their target price on HP from $37.00 to $36.50 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Sanford C. Bernstein boosted their price target on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. TD Cowen boosted their price target on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.23.

HP Price Performance

Shares of HPQ stock opened at $32.39 on Friday. The business’s 50 day simple moving average is $34.97 and its 200 day simple moving average is $35.38. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The stock has a market capitalization of $30.37 billion, a PE ratio of 11.53, a PEG ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. As a group, research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. This is a positive change from HP’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, December 11th. HP’s dividend payout ratio is presently 41.28%.

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.