GTS Securities LLC Lowers Position in HP Inc. (NYSE:HPQ)

GTS Securities LLC lowered its holdings in HP Inc. (NYSE:HPQ - Free Report) by 92.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,071 shares of the computer maker's stock after selling 165,216 shares during the quarter. GTS Securities LLC's holdings in HP were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in HP by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after buying an additional 579,525 shares during the last quarter. Northern Trust Corp lifted its holdings in HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after acquiring an additional 1,755,942 shares during the period. Invesco Ltd. boosted its position in HP by 7.3% in the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock worth $310,351,000 after purchasing an additional 643,192 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of HP by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock valued at $303,105,000 after purchasing an additional 707,742 shares during the period. Finally, Norges Bank purchased a new stake in shares of HP during the 4th quarter valued at about $229,320,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Down 0.3%

HP stock traded down $0.07 during midday trading on Friday, reaching $24.88. 16,291,226 shares of the stock traded hands, compared to its average volume of 7,824,290. The stock has a market cap of $23.45 billion, a P/E ratio of 8.85, a PEG ratio of 2.96 and a beta of 1.32. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The stock's fifty day moving average is $25.95 and its 200-day moving average is $30.61.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The business had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $13.09 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. On average, equities analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.65%. The ex-dividend date is Wednesday, June 11th. HP's payout ratio is 44.40%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of HP from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday. Barclays set a $28.00 price target on HP and gave the company an "equal weight" rating in a report on Thursday. Loop Capital decreased their price objective on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. Evercore ISI reduced their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, KGI Securities initiated coverage on shares of HP in a report on Thursday. They set a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $29.54.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction 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 available at this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the company'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 completion of the transaction, the insider now owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by 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.