Cerity Partners LLC Buys 93,008 Shares of HP Inc. (NYSE:HPQ)

Cerity Partners LLC lifted its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,608 shares of the computer maker's stock after purchasing an additional 93,008 shares during the quarter. Cerity Partners LLC's holdings in HP were worth $9,227,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HPQ. Vanguard Group Inc. raised its stake in shares of HP by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker's stock worth $3,019,999,000 after purchasing an additional 12,883,347 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of HP by 114,461.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker's stock worth $310,043,000 after acquiring an additional 11,528,558 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of HP by 4,180.9% during the 4th quarter. Pacer Advisors Inc. now owns 9,516,510 shares of the computer maker's stock worth $286,352,000 after acquiring an additional 9,294,209 shares during the last quarter. Norges Bank acquired a new position in shares of HP during the 4th quarter worth approximately $151,025,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of HP by 145.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 6,090,872 shares of the computer maker's stock worth $156,535,000 after acquiring an additional 3,613,742 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Down 2.0 %

Shares of HPQ traded down $0.58 during trading hours on Monday, hitting $27.96. 6,223,826 shares of the company were exchanged, compared to its average volume of 8,158,802. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 2.39 and a beta of 1.05. HP Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $33.90. The firm's fifty day moving average is $29.38 and its 200 day moving average is $28.77.

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

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a dividend of $0.2756 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a dividend yield of 3.94%. HP's dividend payout ratio is currently 32.16%.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent analyst reports. StockNews.com lowered HP from a "strong-buy" rating to a "buy" rating in a report on Friday, March 1st. Barclays boosted their target price on HP from $22.00 to $24.00 and gave the stock an "underweight" rating in a report on Thursday, February 29th. Finally, HSBC raised HP from a "hold" rating to a "buy" rating and upped their price objective for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 8,708 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Stephanie Liebman sold 8,708 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the 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 transaction, the insider now owns 56,169 shares of the company's stock, valued at $1,642,381.56. The disclosure for this sale can be found here. Insiders sold a total of 116,723 shares of company stock worth $3,479,287 in the last ninety days. 0.41% of the stock is owned by insiders.

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.