Cetera Investment Advisers Acquires 17,376 Shares of HP Inc. (NYSE:HPQ)

Cetera Investment Advisers raised its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,009 shares of the computer maker's stock after purchasing an additional 17,376 shares during the period. Cetera Investment Advisers' holdings in HP were worth $4,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Synergy Asset Management LLC acquired a new position in HP in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of HP in the 4th quarter valued at about $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of HP in the 4th quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in HP during the 4th quarter worth approximately $37,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in HP during the fourth quarter valued at approximately $50,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $613,817.05. Following the completion of the transaction, the insider now owns 169 shares in the company, valued at $4,814.81. This trade represents a 99.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 owned by corporate insiders.

HP Price Performance

HPQ stock traded up $0.56 during trading hours on Friday, reaching $29.34. 7,798,710 shares of the stock were exchanged, compared to its average volume of 7,894,167. The firm's 50-day moving average is $26.14 and its 200-day moving average is $31.28. The company has a market cap of $27.65 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.96 and a beta of 1.32. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.80.

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, hitting analysts' consensus estimates of $0.74. The firm had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be issued a $0.2894 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Wednesday, June 11th. HP's payout ratio is 41.37%.

Analyst Upgrades and Downgrades

HPQ has been the topic of several analyst reports. Wells Fargo & Company increased their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Citigroup raised their price objective on HP from $25.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday. Evercore ISI dropped their price objective on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Loop Capital dropped their price objective on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. Finally, TD Cowen dropped their price objective on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, HP has a consensus rating of "Hold" and a consensus target price of $34.17.

HP Company 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.