Banco Bilbao Vizcaya Argentaria S.A. Sells 25,462 Shares of HP Inc. (NYSE:HPQ)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in HP Inc. (NYSE:HPQ - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 403,037 shares of the computer maker's stock after selling 25,462 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in HP were worth $13,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TIAA Trust National Association raised its holdings in HP by 1.8% in the 4th quarter. TIAA Trust National Association now owns 16,796 shares of the computer maker's stock valued at $548,000 after acquiring an additional 302 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of HP by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 11,467 shares of the computer maker's stock valued at $374,000 after buying an additional 306 shares in the last quarter. Auxano Advisors LLC lifted its position in shares of HP by 3.7% during the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker's stock worth $282,000 after purchasing an additional 310 shares in the last quarter. Wedmont Private Capital grew its stake in shares of HP by 2.6% during the fourth quarter. Wedmont Private Capital now owns 12,648 shares of the computer maker's stock valued at $420,000 after acquiring an additional 316 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its position in shares of HP by 2.7% during the fourth quarter. Pinnacle Financial Partners Inc now owns 12,265 shares of the computer maker's stock worth $400,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Activity

In other news, insider Stephanie Liebman sold 15,646 shares of the firm's 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This trade represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HPQ. Loop Capital cut their target price on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley decreased their target price on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Citigroup dropped their target price on shares of HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Evercore ISI reduced their price objective on HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research report on Monday. Finally, Sanford C. Bernstein raised their price target on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $33.83.

HP Stock Down 0.7 %

NYSE:HPQ traded down $0.19 during mid-day trading on Wednesday, reaching $25.33. 1,567,010 shares of the company were exchanged, compared to its average volume of 7,814,308. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The company has a fifty day moving average of $27.30 and a 200 day moving average of $32.17. The stock has a market cap of $23.88 billion, a PE ratio of 9.01, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. On average, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a yield of 4.57%. HP's dividend payout ratio is currently 41.37%.

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.