HP Inc. (NYSE:HPQ) Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S reduced its stake in HP Inc. (NYSE:HPQ) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,058,019 shares of the computer maker’s stock after selling 175,688 shares during the quarter. HP comprises 5.4% of Maj Invest Holding A S’s holdings, making the stock its 8th largest holding. Maj Invest Holding A S owned about 0.54% of HP worth $165,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in HPQ. LVW Advisors LLC raised its position in shares of HP by 1.2% in the 3rd quarter. LVW Advisors LLC now owns 23,884 shares of the computer maker’s stock worth $857,000 after acquiring an additional 278 shares in the last quarter. Castleview Partners LLC increased its holdings in HP by 8.1% in the third quarter. Castleview Partners LLC now owns 3,856 shares of the computer maker’s stock worth $138,000 after purchasing an additional 289 shares in the last quarter. Versant Capital Management Inc lifted its stake in HP by 5.9% in the third quarter. Versant Capital Management Inc now owns 5,321 shares of the computer maker’s stock valued at $191,000 after buying an additional 297 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of HP by 3.2% during the 3rd quarter. King Luther Capital Management Corp now owns 9,635 shares of the computer maker’s stock worth $346,000 after buying an additional 303 shares in the last quarter. Finally, Arvest Investments Inc. grew its position in shares of HP by 0.9% during the 3rd quarter. Arvest Investments Inc. now owns 34,355 shares of the computer maker’s stock worth $1,232,000 after buying an additional 310 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on HPQ shares. Citigroup cut their target price on shares of HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Barclays increased their price target on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Sanford C. Bernstein boosted their price objective on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their target price on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.23.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the sale, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of the 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 transaction, the insider now owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This represents a 56.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by company insiders.

HP Stock Performance

Shares of HPQ stock opened at $32.73 on Monday. HP Inc. has a 52-week low of $27.42 and a 52-week high of $39.79. The company has a 50-day simple moving average of $34.38 and a two-hundred day simple moving average of $35.27. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 2.83 and a beta of 1.05.

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

HP Increases Dividend

The business also recently declared 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 represents a $1.16 annualized dividend and a dividend yield of 3.54%. This is a positive change from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio (DPR) is presently 41.28%.

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.