Westwood Holdings Group Inc. Buys 114,948 Shares of HP Inc. (NYSE:HPQ)

Westwood Holdings Group Inc. increased its stake in HP Inc. (NYSE:HPQ - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,768,970 shares of the computer maker's stock after purchasing an additional 114,948 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.19% of HP worth $57,721,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of HP in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in HP during the 4th quarter valued at $31,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of HP during the fourth quarter worth $36,000. OFI Invest Asset Management bought a new position in shares of HP in the fourth quarter worth $37,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of HP by 71.9% in the fourth quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock worth $46,000 after acquiring an additional 587 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HPQ shares. Morgan Stanley lowered their price target on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 28th. Citigroup increased their target price on shares of HP from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday. TD Cowen decreased their price target on shares of HP from $39.00 to $38.00 and set a "hold" rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their target price on HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Loop Capital dropped their price target on HP from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $34.17.

HP Stock Up 1.9%

HP stock opened at $29.34 on Monday. The firm has a fifty day simple moving average of $26.14 and a two-hundred day simple moving average of $31.25. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The company has a market capitalization of $27.65 billion, a PE ratio of 10.44, a P/E/G ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $13.35 billion. As a group, equities analysts expect 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. Investors of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.95%. HP's dividend payout ratio is presently 41.37%.

Insider Buying and Selling at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the company'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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the insider now directly owns 169 shares of the company's stock, valued at approximately $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 currently owned by corporate insiders.

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.

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