MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Lowers Position in HP Inc. (NYSE:HPQ)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in shares of HP Inc. (NYSE:HPQ) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,739 shares of the computer maker’s stock after selling 15,534 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in HP were worth $7,790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in shares of HP during the third quarter worth about $25,000. Wolff Wiese Magana LLC grew its stake in HP by 115.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after buying an additional 518 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of HP in the 3rd quarter worth $37,000. Itau Unibanco Holding S.A. purchased a new stake in shares of HP during the 3rd quarter valued at $40,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of HP during the 3rd quarter worth $44,000. 77.53% of the stock is currently owned by institutional investors.

HP Stock Up 0.6 %

Shares of HPQ opened at $33.33 on Friday. The stock has a market capitalization of $31.26 billion, a P/E ratio of 11.86, a PEG ratio of 2.83 and a beta of 1.05. HP Inc. has a twelve month low of $27.42 and a twelve month high of $39.79. The firm has a fifty day simple moving average of $34.53 and a two-hundred day simple moving average of $35.31.

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

HP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were paid a dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.47%. HP’s payout ratio is 41.28%.

Analyst Ratings Changes

HPQ has been the topic of a number of research analyst reports. Bank of America cut HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Friday, September 27th. TD Cowen increased their price objective on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. HSBC lowered HP from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $38.00 in a research note on Friday, November 29th. Barclays boosted their price objective on shares of HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.23.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the sale, the insider now owns 6,277 shares of the company’s stock, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the completion of the sale, the insider now owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This trade represents a 56.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock worth $9,670,068 over the last quarter. 0.41% of the stock is owned by corporate insiders.

HP Profile

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.