Mufg Securities Americas Inc. Invests $464,000 in HP Inc. (NYSE:HPQ)

Mufg Securities Americas Inc. bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,226 shares of the computer maker's stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. Norges Bank acquired a new stake in HP in the fourth quarter valued at approximately $229,320,000. KBC Group NV grew its holdings in HP by 145.1% in the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock valued at $116,031,000 after purchasing an additional 2,105,104 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in HP in the fourth quarter valued at approximately $65,260,000. Northern Trust Corp grew its holdings in HP by 15.8% in the fourth quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock valued at $419,126,000 after purchasing an additional 1,755,942 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in HP in the fourth quarter valued at approximately $55,915,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on HP from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Citigroup raised their target price on HP from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Friday. StockNews.com upgraded HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI decreased their target price on HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. One investment 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 data from MarketBeat, HP has a consensus rating of "Hold" and an average target price of $34.17.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 15,646 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 169 shares of the company's stock, valued at $4,814.81. The trade was 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 insiders.

HP Stock Down 0.7%

NYSE:HPQ traded down $0.21 on Monday, reaching $29.11. The company's stock had a trading volume of 6,836,433 shares, compared to its average volume of 7,889,931. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.80. The firm has a market cap of $27.44 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32. The stock has a 50 day moving average price of $26.14 and a 200 day moving average price of $31.25.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.2894 per share. The ex-dividend date is Wednesday, June 11th. This represents a $1.16 annualized dividend and a yield of 3.98%. HP's payout ratio is 41.37%.

About HP

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.