International Assets Investment Management LLC Takes $1.47 Million Position in HP Inc. (NYSE:HPQ)

International Assets Investment Management LLC purchased a new stake in HP Inc. (NYSE:HPQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 44,258 shares of the computer maker's stock, valued at approximately $1,471,000.

Several other hedge funds have also modified their holdings of the business. Raymond James & Associates raised its holdings in HP by 18.7% during the third quarter. Raymond James & Associates now owns 227,556 shares of the computer maker's stock worth $5,848,000 after purchasing an additional 35,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of HP by 12.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 262,099 shares of the computer maker's stock valued at $6,736,000 after purchasing an additional 29,133 shares during the period. TD Asset Management Inc grew its position in shares of HP by 1.8% in the third quarter. TD Asset Management Inc now owns 407,583 shares of the computer maker's stock valued at $10,475,000 after purchasing an additional 7,070 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of HP by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 81,686 shares of the computer maker's stock valued at $2,099,000 after purchasing an additional 1,113 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of HP by 1.8% in the third quarter. Panagora Asset Management Inc. now owns 36,196 shares of the computer maker's stock valued at $930,000 after purchasing an additional 641 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Up 2.0 %

Shares of NYSE:HPQ traded up $0.60 during trading on Wednesday, hitting $31.36. 6,479,539 shares of the company traded hands, compared to its average volume of 7,698,585. The stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.50 and a beta of 1.06. The business's fifty day moving average is $29.28 and its 200-day moving average is $29.09. HP Inc. has a one year low of $25.22 and a one year high of $33.90.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, meeting the consensus estimate of $0.81. The company had revenue of $13.19 billion during 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%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. On average, analysts forecast that HP Inc. will post 3.42 EPS for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 13th. Investors of record on Wednesday, June 12th will be issued a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.52%. HP's dividend payout ratio (DPR) is 32.16%.

Analyst Ratings Changes

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

Insider Buying and Selling

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

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.