Focus Partners Wealth Increases Stock Holdings in HP Inc. (NYSE:HPQ)

Focus Partners Wealth increased its stake in HP Inc. (NYSE:HPQ - Free Report) by 70.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,514 shares of the computer maker's stock after purchasing an additional 64,711 shares during the period. Focus Partners Wealth's holdings in HP were worth $5,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Ensign Peak Advisors Inc lifted its stake in shares of HP by 1.1% in the 4th quarter. Ensign Peak Advisors Inc now owns 310,284 shares of the computer maker's stock valued at $10,125,000 after purchasing an additional 3,288 shares during the period. Ethic Inc. raised its position in shares of HP by 10.8% in the fourth quarter. Ethic Inc. now owns 143,898 shares of the computer maker's stock valued at $4,695,000 after buying an additional 14,006 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of HP by 1.8% in the fourth quarter. EP Wealth Advisors LLC now owns 34,380 shares of the computer maker's stock valued at $1,122,000 after purchasing an additional 599 shares during the period. CoreCap Advisors LLC increased its stake in HP by 71.9% during 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 last quarter. Finally, Crestline Management LP acquired a new stake in shares of HP during the fourth quarter valued at about $730,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Trading Down 1.2%

Shares of NYSE:HPQ traded down $0.34 during trading on Monday, hitting $28.98. 3,432,156 shares of the company's stock traded hands, compared to its average volume of 7,877,261. The company has a 50-day moving average price of $26.14 and a 200-day moving average price of $31.25. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.80. The company has a market cap of $27.32 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

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

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given 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 payout ratio is 41.37%.

Insider Activity

In related news, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

HPQ has been the subject of a number of recent research reports. TD Cowen decreased their price target 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. Wells Fargo & Company upped their price target 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 lowered their price objective on shares of HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Evercore ISI reduced their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, StockNews.com upgraded shares of HP from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, HP has a consensus rating of "Hold" and a consensus target price of $34.17.

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.