HP Inc. (NYSE:HPQ) Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 774,749 shares of the computer maker's stock after selling 11,892 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of HP worth $25,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in HP by 8.7% during the third quarter. Barclays PLC now owns 2,307,573 shares of the computer maker's stock valued at $82,772,000 after purchasing an additional 183,741 shares during the period. Pine Valley Investments Ltd Liability Co bought a new position in HP in the 3rd quarter worth $237,000. World Investment Advisors LLC purchased a new position in shares of HP in the third quarter valued at about $324,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of HP in the third quarter worth about $1,042,000. Finally, Tidal Investments LLC raised its holdings in shares of HP by 47.5% during the 3rd quarter. Tidal Investments LLC now owns 146,608 shares of the computer maker's stock worth $5,259,000 after acquiring an additional 47,230 shares in the last quarter. Institutional investors own 77.53% of the company's stock.

HP Stock Performance

Shares of HPQ traded up $0.67 during midday trading on Thursday, hitting $26.52. The company had a trading volume of 1,903,212 shares, compared to its average volume of 7,825,509. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.80. The company's 50-day simple moving average is $26.37 and its 200-day simple moving average is $31.73. The firm has a market capitalization of $25.00 billion, a P/E ratio of 9.44, a P/E/G ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The business had revenue of $13.50 billion for 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%. Equities analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

HPQ has been the subject of a number of analyst reports. Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Evercore ISI cut their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. StockNews.com cut HP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of HP from $40.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Barclays boosted their price objective on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, HP currently has an average rating of "Hold" and an average price target of $33.83.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the business'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. This trade 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 owned by 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.