UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 707,742 Shares of HP Inc. (NYSE:HPQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HP Inc. (NYSE:HPQ - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,289,164 shares of the computer maker's stock after buying an additional 707,742 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.99% of HP worth $303,105,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Waverly Advisors LLC boosted its position in HP by 32.4% in the fourth quarter. Waverly Advisors LLC now owns 11,198 shares of the computer maker's stock valued at $365,000 after buying an additional 2,743 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of HP during the 4th quarter valued at $313,000. Vident Advisory LLC boosted its holdings 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 valued at $4,558,000 after acquiring an additional 6,371 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings 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 valued at $57,721,000 after acquiring an additional 114,948 shares in the last quarter. Finally, Wexford Capital LP boosted its holdings 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 valued at $750,000 after acquiring an additional 16,000 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred 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. The trade was a 99.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction 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. Corporate insiders own 0.38% of the company's stock.

HP Stock Down 1.8%

HP stock traded down $0.51 during mid-day trading on Friday, hitting $27.99. 7,661,907 shares of the stock were exchanged, compared to its average volume of 7,897,155. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80. The firm's fifty day simple moving average is $26.15 and its two-hundred day simple moving average is $31.05. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 2.96 and a beta of 1.32.

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

HP Dividend Announcement

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 given a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Wednesday, June 11th. HP's dividend payout ratio (DPR) is presently 41.37%.

Analyst Ratings Changes

A number of brokerages have recently commented on HPQ. Morgan Stanley lifted their price target on HP from $25.00 to $29.00 and gave the company an "equal weight" rating in a research note on Wednesday. Loop Capital cut 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. Wells Fargo & Company lifted their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, February 20th. Citigroup lifted their target price on shares of HP from $25.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of HP from $40.00 to $29.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $33.67.

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.