Comerica Bank Sells 26,875 Shares of HP Inc. (NYSE:HPQ)

Comerica Bank lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 14.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 157,541 shares of the computer maker's stock after selling 26,875 shares during the period. Comerica Bank's holdings in HP were worth $5,141,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new position in shares of HP in the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of HP during the fourth quarter valued at about $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in HP in the 4th quarter worth approximately $36,000. OFI Invest Asset Management bought a new stake in HP in the fourth quarter worth $37,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of HP during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

Insider Buying and Selling

In other news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, the insider now owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HPQ has been the topic of several recent research reports. Evercore ISI decreased their price target on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Morgan Stanley dropped their target price on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Citigroup dropped their target price on HP from $36.50 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. TD Cowen reduced their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Finally, StockNews.com lowered HP from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $33.83.

HP Price Performance

HP stock opened at $25.89 on Tuesday. The business has a 50 day simple moving average of $26.61 and a 200-day simple moving average of $31.81. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock has a market capitalization of $24.41 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

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, hitting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. On average, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Company 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.

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