Dimensional Fund Advisors LP Trims Stock Position in HP Inc. (NYSE:HPQ)

Dimensional Fund Advisors LP cut its holdings in HP Inc. (NYSE:HPQ - Free Report) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,380,949 shares of the computer maker's stock after selling 2,590,150 shares during the period. Dimensional Fund Advisors LP owned about 0.95% of HP worth $282,275,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Rosenberg Matthew Hamilton increased its stake in shares of HP by 84.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker's stock worth $26,000 after purchasing an additional 397 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of HP in the fourth quarter valued at approximately $28,000. Janiczek Wealth Management LLC increased its holdings in shares of HP by 116.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker's stock worth $32,000 after acquiring an additional 566 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in HP during the 4th quarter valued at $34,000. Finally, Salem Investment Counselors Inc. boosted its position in HP by 47.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,174 shares of the computer maker's stock worth $36,000 after purchasing an additional 380 shares during the period. Institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HPQ shares. HSBC upgraded shares of HP from a "hold" rating to a "buy" rating and upped their price target for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. StockNews.com downgraded HP from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 1st. Finally, Barclays raised their price objective on 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 company's stock. According to MarketBeat.com, HP has a consensus rating of "Moderate Buy" and a consensus price target of $33.11.

Insiders Place Their Bets

In related news, insider Stephanie Liebman sold 8,708 shares of the company's stock in a transaction that occurred on Friday, March 8th. The stock was 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 available through the SEC website. In other news, insider Stephanie Liebman sold 8,708 shares of HP 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert R. Bennett sold 67,000 shares of the company's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total transaction of $2,010,670.00. Following the completion of the sale, the director now owns 60,216 shares in the company, valued at approximately $1,807,082.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,723 shares of company stock worth $3,479,287. 0.41% of the stock is currently owned by company insiders.

HP Stock Performance

Shares of NYSE:HPQ traded up $0.22 during mid-day trading on Monday, reaching $29.94. 5,565,705 shares of the company's stock were exchanged, compared to its average volume of 7,708,340. The firm has a market capitalization of $29.36 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 2.49 and a beta of 1.06. HP Inc. has a twelve month low of $25.22 and a twelve month high of $33.90. The business's fifty day moving average price is $29.23 and its 200-day moving average price is $29.03.

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

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.