Wealth Enhancement Advisory Services LLC Purchases 11,213 Shares of HP Inc. (NYSE:HPQ)

Wealth Enhancement Advisory Services LLC lifted its position in HP Inc. (NYSE:HPQ - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 245,182 shares of the computer maker's stock after purchasing an additional 11,213 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in HP were worth $8,000,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HPQ. Norges Bank bought a new stake in shares of HP in the 4th quarter worth about $229,320,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in HP during the 4th quarter worth about $65,260,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in HP during the 4th quarter worth about $63,612,000. Northern Trust Corp grew its holdings in HP by 15.8% during the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after acquiring an additional 1,755,942 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in HP during the 4th quarter worth about $55,915,000. Institutional investors own 77.53% of the company's stock.

Insider Activity

In related news, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were 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 directly owns 169 shares of the company's stock, valued at $4,814.81. This represents 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 owned by corporate insiders.

HP Stock Performance

HPQ stock traded down $0.51 during mid-day trading on Thursday, hitting $24.67. 12,249,354 shares of the company were exchanged, compared to its average volume of 7,844,142. The firm has a market cap of $23.26 billion, a P/E ratio of 8.78, a P/E/G ratio of 2.96 and a beta of 1.32. The firm's 50 day simple moving average is $25.69 and its 200 day simple moving average is $30.37. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80.

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

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.69%. HP's dividend payout ratio (DPR) is presently 44.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Loop Capital decreased their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company decreased their price objective on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, May 29th. Evercore ISI decreased their price objective on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. decreased 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, May 29th. Finally, Barclays set a $28.00 target price on shares of HP and gave the company an "equal weight" rating in a research note on Thursday, May 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, HP has a consensus rating of "Hold" and a consensus target price of $29.54.

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.