iSAM Funds UK Ltd Acquires Shares of 9,578 HP Inc. (NYSE:HPQ)

iSAM Funds UK Ltd purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,578 shares of the computer maker's stock, valued at approximately $313,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vident Advisory LLC grew its stake in shares of HP by 4.8% during the 4th quarter. Vident Advisory LLC now owns 139,676 shares of the computer maker's stock worth $4,558,000 after acquiring an additional 6,371 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of HP by 6.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,768,970 shares of the computer maker's stock worth $57,721,000 after acquiring an additional 114,948 shares during the period. Wexford Capital LP grew its stake in shares of HP by 228.6% during the 4th quarter. Wexford Capital LP now owns 23,000 shares of the computer maker's stock worth $750,000 after acquiring an additional 16,000 shares during the period. Twinbeech Capital LP bought a new position in shares of HP during the 4th quarter worth $837,000. Finally, Tidal Investments LLC grew its stake in shares of HP by 38.5% during the 4th quarter. Tidal Investments LLC now owns 203,037 shares of the computer maker's stock worth $6,625,000 after acquiring an additional 56,429 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Stock Down 0.4%

NYSE:HPQ opened at $28.98 on Wednesday. The business's 50-day moving average price is $26.17 and its two-hundred day moving average price is $31.18. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The stock has a market cap of $27.32 billion, a P/E ratio of 10.31, a PEG ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. On average, equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.99%. HP's dividend payout ratio is 41.37%.

Insider Activity at HP

In related news, insider Anneliese Olson sold 21,545 shares of the firm'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 transaction, the insider now directly owns 169 shares of the company's stock, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephanie Liebman sold 15,646 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HPQ shares. Wells Fargo & Company increased their price target on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. cut their price target on HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Evercore ISI dropped their price objective on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Morgan Stanley dropped their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.

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