Public Employees Retirement System of Ohio Has $12.52 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Public Employees Retirement System of Ohio cut its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,615 shares of the computer maker's stock after selling 33,759 shares during the period. Public Employees Retirement System of Ohio's holdings in HP were worth $12,517,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HPQ. 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 valued at $825,398,000 after acquiring an additional 579,525 shares during the last quarter. Amundi raised its position in shares of HP by 15.9% in the fourth quarter. Amundi now owns 6,561,399 shares of the computer maker's stock valued at $217,319,000 after purchasing an additional 899,349 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of HP by 23.6% during the 4th quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock worth $20,864,000 after buying an additional 122,289 shares during the period. Raymond James Financial Inc. acquired a new position in HP in the 4th quarter valued at $36,492,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in HP by 4.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 446,848 shares of the computer maker's stock worth $14,581,000 after acquiring an additional 18,557 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Performance

Shares of NYSE:HPQ traded down $0.99 on Wednesday, hitting $27.35. The stock had a trading volume of 16,562,820 shares, compared to its average volume of 7,944,725. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The firm's 50 day moving average price is $26.13 and its 200-day moving average price is $30.89. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). HP had a net margin of 5.18% and a negative return on equity of 253.39%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 EPS. As a group, sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 annualized dividend and a yield of 4.23%. HP's payout ratio is 41.37%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPQ. Wells Fargo & Company raised their price objective on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Morgan Stanley restated an "equal weight" rating on shares of HP in a research report on Wednesday. TD Cowen reduced their target price on shares of HP from $39.00 to $38.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Loop Capital decreased their target price on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Finally, Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.33.

Insider Buying and Selling at HP

In other news, insider Anneliese Olson sold 21,545 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephanie Liebman sold 15,646 shares of the company'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 disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

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.