International Assets Investment Management LLC Purchases New Shares in HP Inc. (NYSE:HPQ)

International Assets Investment Management LLC bought a new position in HP Inc. (NYSE:HPQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,258 shares of the computer maker's stock, valued at approximately $1,471,000.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC boosted its stake in HP by 1.8% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 43,973 shares of the computer maker's stock valued at $1,323,000 after acquiring an additional 788 shares in the last quarter. Arvest Investments Inc. purchased a new position in shares of HP in the fourth quarter worth $1,045,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of HP in the fourth quarter worth $34,000. Ballentine Partners LLC raised its holdings in shares of HP by 9.9% in the fourth quarter. Ballentine Partners LLC now owns 46,867 shares of the computer maker's stock worth $1,410,000 after buying an additional 4,230 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of HP by 70.2% in the fourth quarter. DAVENPORT & Co LLC now owns 17,281 shares of the computer maker's stock worth $520,000 after buying an additional 7,127 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HPQ shares. HSBC raised shares of HP from a "hold" rating to a "buy" rating and raised their price target for the stock from $30.00 to $33.00 in a report on Wednesday, February 14th. StockNews.com cut shares of HP from a "strong-buy" rating to a "buy" rating in a report on Friday, March 1st. Finally, Barclays boosted their target price on shares of HP from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.11.

Insider Activity

In other news, insider Kristen M. Ludgate sold 41,015 shares of HP 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 sale, the insider now owns 56,169 shares of the company's stock, valued at $1,642,381.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Stephanie Liebman sold 8,708 shares of the business's 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kristen M. Ludgate sold 41,015 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the sale, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The disclosure for this sale can be found here. Insiders have sold a total of 116,723 shares of company stock valued at $3,479,287 over the last quarter. Corporate insiders own 0.41% of the company's stock.

HP Trading Down 0.4 %

HPQ stock traded down $0.11 during mid-day trading on Monday, reaching $27.70. The company's stock had a trading volume of 5,130,078 shares, compared to its average volume of 7,988,511. The company's 50 day moving average is $29.34 and its two-hundred day moving average is $28.82. The stock has a market cap of $27.17 billion, a PE ratio of 8.13, a P/E/G ratio of 2.33 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.

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

HP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $0.2756 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Tuesday, March 12th. HP's payout ratio is 32.16%.

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.