HP Inc. (NYSE:HPQ) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 69.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,836 shares of the computer maker's stock after selling 63,154 shares during the period. Integrated Advisors Network LLC's holdings in HP were worth $908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of HP by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after buying an additional 579,525 shares during the last quarter. Amundi grew its position in HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock worth $217,319,000 after acquiring an additional 899,349 shares during the period. Gotham Asset Management LLC increased its stake in HP by 23.6% during the fourth quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock worth $20,864,000 after acquiring an additional 122,289 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in HP in the fourth quarter valued at $36,492,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in HP by 4.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker's stock valued at $14,581,000 after purchasing an additional 18,557 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

Shares of HPQ stock traded down $2.23 during trading hours on Thursday, reaching $24.97. 26,461,870 shares of the stock were exchanged, compared to its average volume of 8,018,502. The business's fifty day moving average is $26.11 and its two-hundred day moving average is $30.87. The firm has a market capitalization of $23.54 billion, a P/E ratio of 8.89, a P/E/G 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.

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

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Wednesday, June 11th. HP's dividend payout ratio (DPR) is 41.37%.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on 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. Insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HPQ. Citigroup reduced their price objective on shares of HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday. Morgan Stanley reduced their price target on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday. KGI Securities started coverage on shares of HP in a report on Thursday. They issued a "neutral" rating on the stock. Wells Fargo & Company dropped their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday. Finally, Loop Capital decreased their price target on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.