HP Inc. (NYSE:HPQ) Shares Purchased by Ethic Inc.

Ethic Inc. increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,898 shares of the computer maker's stock after purchasing an additional 14,006 shares during the quarter. Ethic Inc.'s holdings in HP were worth $4,695,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Synergy Asset Management LLC acquired a new position in HP during the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in HP in the fourth quarter valued at about $31,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in HP during the 4th quarter worth approximately $36,000. OFI Invest Asset Management bought a new stake in HP in the fourth quarter valued at $37,000. Finally, CoreCap Advisors LLC increased its holdings in shares of HP by 71.9% during the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after purchasing an additional 587 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Up 1.7%

Shares of NYSE HPQ traded up $0.48 during trading on Friday, reaching $29.26. 3,386,970 shares of the company traded hands, compared to its average volume of 7,855,627. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.80. The stock has a market capitalization of $27.59 billion, a PE ratio of 10.41, a P/E/G ratio of 2.96 and a beta of 1.32. The firm has a 50 day simple moving average of $26.12 and a 200-day simple moving average of $31.37.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, research analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be given a $0.2894 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.96%. HP's dividend payout ratio is currently 41.37%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. StockNews.com raised HP from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. dropped their price target on HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays boosted their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, TD Cowen decreased their target price on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, HP presently has an average rating of "Hold" and a consensus price target of $34.17.

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.