Alpine Woods Capital Investors LLC Sells 126,296 Shares of HP Inc. (NYSE:HPQ)

Alpine Woods Capital Investors LLC decreased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,196 shares of the computer maker's stock after selling 126,296 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in HP were worth $4,158,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HPQ. Certified Advisory Corp bought a new stake in shares of HP in the 1st quarter valued at $26,000. Rosenberg Matthew Hamilton increased its position in shares of HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker's stock valued at $26,000 after buying an additional 397 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of HP in the 3rd quarter valued at $25,000. VitalStone Financial LLC bought a new stake in shares of HP in the 1st quarter valued at $38,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of HP in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley upgraded shares of HP from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $31.00 to $35.00 in a research report on Tuesday, December 12th. HSBC raised shares of HP from a "hold" rating to a "buy" rating and upped their target price for the stock from $30.00 to $33.00 in a research note on Wednesday, February 14th. Evercore ISI raised shares of HP from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $33.00 to $40.00 in a research note on Monday, December 11th. StockNews.com lowered shares of HP from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 1st. Finally, Barclays upped their target price on shares of HP from $22.00 to $24.00 and gave the stock an "underweight" rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, HP presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.11.

HP Trading Down 1.8 %

Shares of HP stock traded down $0.53 during trading hours on Friday, reaching $29.11. 5,158,764 shares of the company's stock were exchanged, compared to its average volume of 7,384,146. The company has a 50 day moving average of $29.36 and a two-hundred day moving average of $28.65. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The stock has a market cap of $28.55 billion, a P/E ratio of 8.51, a P/E/G ratio of 2.43 and a beta of 1.05.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts' consensus estimates of $0.81. HP had a net margin of 6.45% and a negative return on equity of 181.02%. The company had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same period in the prior year, the business posted $0.75 EPS. The company's quarterly revenue was down 4.4% on a year-over-year basis. As a group, analysts expect that HP Inc. will post 3.42 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a $0.2756 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 3.79%. HP's dividend payout ratio (DPR) is currently 32.16%.

Insider Activity at HP

In related news, insider Kristen M. Ludgate sold 41,015 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Kristen M. Ludgate sold 41,015 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $29.24, for a total value of $1,199,278.60. Following the completion of the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Liebman sold 8,708 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $30.93, for a total transaction of $269,338.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,723 shares of company stock worth $3,479,287. Insiders own 0.41% of the company's stock.

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.